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$1,439,000

2906 Mid Ln, Houston, TX, 77027

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths5 Bath
Baths4,694 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$306.56 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Dryer Included, Refrigerator Included, Washer Included, Wine Refrigerator, Convection Oven, Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size5,419 sqft

Building Information

Year Built1990
Garage Spaces2

Land Information

APN0720780000079
SubdivisionWest Lane Place
Land UseResidential
Legal DescriptionTR 8B BLK 1 WEST LANE PLACE
Census Tract411600
Assessed Land Value$554,190
Assessed Improvement Value$701,280
Assessment Year2025

About this property

Exceptional 1990 custom build by Wm Carl,design by Lucian Hood for original owners-an architect and an artist-whose creativity,warmth,and hospitality are reflected throughout the home.Located in a gated enclave of four homes on sought after Mid Lane, the home is within walking distance of River Oaks District and Highland Village shopping/dining. A formal entry welcomes guests into a gracious living rm and inviting family rm.The spacious island kitchen with breakfast bar opens seamlessly to the dining rm, the heart of the home for gatherings and everyday living.French doors lead to a charming brick patio featuring lush landscaping,garden sculpture,a soothing fountain, and beautiful evening lighting. Upstairs the expansive primary suite offers a fireplace,separate baths and generous customized closets. 2 additional bedrms with ensuite baths.4th bedrm on the 3rd floor includes a full bath and a delightful efficiency kitchen. Elevator and Jackery Battery Pack are additional features.

Investor Tools

$236,916Estimated Mortgage Balance
$1,343,956Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,474 /month
Positive
Cash Flow Estimate:
$3,158 /month

Interested in this property?

Ina Perlman

Martha Turner Sotheby's International Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,337/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,154
$1,255,470
2025
$554,190
$701,280
$1,255,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,154
$1,255,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$262,962
No
First
May 10, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,916
$1,398,084
85%
15%
$1,577/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,277/mo
+$1,063/mo
2.5%

City: Houston