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$203,703

NAL Estimated Property Value

3224 Timmons Lane 158, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths975 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$189.74 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1967
Stories1

Land Information

APN1134510000010
SubdivisionSummit Court Condo
Land UseResidential
Legal DescriptionUNIT 158 BLDG G SUMMIT COURT CONDO
Census Tract411507
Assessed Land Value$38,704
Assessed Improvement Value$164,999
Assessment Year2025

About this property

Come see this 2 bedroom 2 bathroom condo in the gated Summit Court community, featuring hard flooring throughout - no carpet in this condo! This home boasts a functional floor plan with laundry in the condo. You'll notice many updates - a new kitchen sink, new kitchen appliances, and a new A/C unit. Bathrooms and kitchen had brand new tile flooring installed in Feb 2022 and you'll love the updated wood laminate flooring in the main living areas. LED lights were installed in the living area and kitchen. Lighting in bedrooms was recently replaced as well. Never worry about buying a plunger, with commercial-level pressure-assist toilets. Live within walking distance from dining and retail at the Greenway Commons like Edwards Cinema, Central Market, COSTCO, and LA Fitness. Commuters enjoy a quick drive to Downtown or Medical Center. Popular areas like Memorial Park, Galleria, Rice Village, and River Oaks are only minutes away. Zoned to premier schools including Poe Elementary!

Investor Tools

Property Icon
$203,703
Estimated Property Value
$116,676Estimated Mortgage Balance
$87,027Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,222 /month
Positive
Cash Flow Estimate:
$407 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$398/month
$433/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,754
$203,703
2025
$38,704
$164,999
$203,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,754
$203,703

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
C & T Mortgage Inc
Conventional
$148,500
No
First
Apr 8, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,676
$87,027
42%
57%
$891/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,324/mo
+$636/mo
11.5%

City: Houston

3224 Timmons Lane 158 | Property Details | No Agent List