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$114,990

3224 Timmons Ln Apt 117, Houston, TX, 77027

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths600 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$191.65 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Building Information

Year Built1967
Stories1

Land Information

APN1134470000003
SubdivisionSummit Court Condo
Land UseResidential
Legal DescriptionUNIT 117 BLDG C SUMMIT COURT CONDO
Census Tract411507
Assessed Land Value$33,974
Assessed Improvement Value$144,836
Assessment Year2025

About this property

Updated first-floor condo overlooking the community pool. Interior features include tile flooring, double-pane windows and an upgraded kitchen with quartz countertops and stainless-steel appliances. A stacked washer and dryer are conveniently located inside the unit’s closet. Ideally situated near Greenway Plaza, Upper Kirby, Highland Village, Central Market, Costco and numerous dining and shopping options, with convenient access to US-59, the Galleria, Downtown and the Texas Medical Center.

Investor Tools

$50,413Estimated Mortgage Balance
$128,397Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,073 /month
Positive
Cash Flow Estimate:
$358 /month

Interested in this property?

Joshua Wisdom

Vip Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
$307/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,860
$178,810
2025
$33,974
$144,836
$178,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,860
$178,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Mortgage Llc
Conventional
$70,000
No
First
Feb 14, 2014
Mar 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,413
$128,397
71%
28%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$307/mo
+$1,333/mo
11.0%

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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