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$454,000

NAL Estimated Property Value

2929 Buffalo Speedway 611, Houston, TX, 77098

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,550 Sq Ft
price_per_sqft$261.29 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Refrigerator, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesPlayground, Tennis Court(s), Outdoor Kitchen, Dog Run, Balcony

Building Information

Year Built1965
Stories1

Land Information

APN1145270160011
SubdivisionThe Lamar Tower Condo Amend
Land UseResidential
Legal DescriptionUNIT 1611 BLDG A .00351 INT COMMON LAND & ELE THE LAMAR TOWER CONDO AMEND
Census Tract411001
Assessed Land Value$74,344
Assessed Improvement Value$316,941
Assessment Year2025

About this property

BACK ON MARKET!! PRICE ADJUSTMENT TO $405,000! See this lovely 6th Floor unit facing North w/views of River Oaks, St. John's fields, plus a spacious Balcony facing downtown Houston's skyline! A 2 bdrm,2bth, w view of pool and lounging area below. An open concept of living/dining with wall of built-in shelving. Engineered wood floors w/neutral carpet in both bedrooms. Tile countertops in kitchen and primary bath, and tile floors in both baths. The primary bedroom is spacious w/walk-in closet, and built-in chest of drawers w/vanity mirror above. Walk-in shower in primary bath. The Lamar Tower is located within minutes from St. John's School, Lamar High School and River Oaks Baptist School and Upper Kirby area. 24/7 Concierge, w/ full valet service, on-site manager, on-site engineer, a wrought-iron fenced "dog park" enjoyed by the pet owners! A great work-out gym w/newly acquired equipment. EZ access to 610, SW Fwy. Highland Village for shopping and restaurants are close by.

Investor Tools

Property Icon
$454,000
Estimated Property Value
$35,003Estimated Mortgage Balance
$418,997Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,724 /month
Positive
Cash Flow Estimate:
$908 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$707/month
$1,599/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,215
$391,285
2025
$74,344
$316,941
$391,285
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,215
$391,285

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$185,000
No
First
Apr 18, 2013
May 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,003
$418,997
92%
8%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,599/mo
+$361/mo
5.2%

City: Houston

2929 Buffalo Speedway 611 | Property Details | No Agent List