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$266,717

NAL Estimated Property Value

2802 Morrison Street 407, Houston, TX, 77009

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths907 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$275.63 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dishwasher
FlooringWood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2014

Land Information

APN1331910040007
Land UseResidential
Legal DescriptionUNIT 407 FLR 4 .0219 INT COMMON LAND & ELE MORRISON MIDRISE CONDO AMEND
Census Tract510301
Assessed Land Value$50,676
Assessed Improvement Value$216,041
Assessment Year2025

About this property

Situated in the heart of The Heights, located on the top floor of Morrison Midrise is this meticulously maintained, one bedroom condo with a reserved parking spot (#29). This North facing, open concept floorplan filled with natural light, features hardwood floors, wainscotting & crown molding in the main living areas. Extend the entertaining space outdoors on your private balcony, located off the Dining Area. The Chef's Kitchen offers granite countertops, stainless steel appliances, breakfast bar seating & ample storage including both sides of the island to easily store all your culinary essentials. As a gated community with controlled building access for added safety, Morrison Midrise  offers many amenities including: covered parking & a dog walking area on the 1st floor, Fitness Center on the 2nd floor, shared community room on the 3rd floor & a Rooftop Terrace on the 4th floor with a BBQ & tables, offering amazing Downtown views!

Investor Tools

Property Icon
$266,717
Estimated Property Value
$102,684Estimated Mortgage Balance
$164,033Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,600 /month
Positive
Cash Flow Estimate:
$533 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
$388/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,898
$266,717
2025
$50,676
$216,041
$266,717
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,898
$266,717

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$113,750
No
First
Apr 24, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,684
$164,033
61%
38%
$682/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,070/mo
+$25/mo
4.9%

City: Houston

2802 Morrison Street 407 | Property Details | No Agent List