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$2,150

3131 Southwest Fwy # B17, Houston, TX, 77098

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths980 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.19 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Cooktop, Dryer, Refrigerator, Washer

Building Information

Year Built1965
Stories1

Land Information

APN1146010020001
Land UseResidential
Legal DescriptionUNIT 17 BLDG B .0203 INT COMMON LAND & ELE LEMANS T/H CONDO
Census Tract411802
Assessed Land Value$25,368
Assessed Improvement Value$108,146
Assessment Year2025

About this property

Location, convenience, and established charm come together in this beautifully maintained two bedroom condo. Situated in a highly sought after established community this well cared for property offers exceptional lifestyle with an HOA dedicated to maintaining the grounds and community amenities. The thoughtfully updated interior provides comfortable living with inviting layout while the beautiful landscaped courtyard and community pool create a peaceful retreat right outside your front door. Ideally located with easy access to Rice University, the Texas Medical Center, downtown Houston and The Galleria this condo places some of Houston’s most desirable destinations within close reach. Located within the West University elementary attendance area. This is an excellent opportunity to enjoy comfort convenience, in an unbeatable location in one of Houston‘s established communities. Come see this exceptional condo you don’t want miss this!

Investor Tools

$79,025Estimated Mortgage Balance
$149,818Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

Interested in this property?

Shalon Jackson

HTX Real Estate Service Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,370
$133,514
2025
$25,368
$108,146
$133,514
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,370
$133,514

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$90,250
No
First
Jan 2, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$79,025
$103,975
56%
35%
$542/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$542/mo
+$1,418/mo
10.3%

City: Houston