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$501,000

2929 Buffalo Speedway A1708, Houston, TX, 77098

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,767 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$234.86 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1965
Stories1

Land Information

APN1145270170008
SubdivisionThe Lamar Tower Condo Amend
Land UseResidential
Legal DescriptionUNIT 1708 BLDG A .00399 INT COMMON LAND & ELE THE LAMAR TOWER CONDO AMEND
Census Tract411001
Assessed Land Value$83,450
Assessed Improvement Value$355,762
Assessment Year2025

About this property

Incredible opportunity to live in one of the coveted “08” units in Lamar Tower. This open and spacious floorplan features fantastic views from the 17th floor. This home is steps away from the elevators, freight elevator and trash chute, with a premium parking spaces right next to the elevators. Bonus: the HOA fees are paid through the end of 2020. The Lamar Tower has unparalleled amenities including free valet parking, exercise room with 24 hr access, two party rooms and a gorgeous pool. The location is just blocks away from shopping and restaurants with easy access to freeways and Downtown Houston. Monthly maintenance fees include electricity and all service and parts to the unit’s air handler.

Investor Tools

Property Icon
$501,000
Estimated Property Value
$0Estimated Mortgage Balance
$501,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,006 /month
Positive
Cash Flow Estimate:
$1,002 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$790/month
$1,312/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,976
$439,212
2025
$83,450
$355,762
$439,212
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,976
$439,212

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$501,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,312/mo
+$648/mo
4.7%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2929 Buffalo Speedway A1708 | Property Details | No Agent List