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$134,107

3224 Timmons Ln Apt 118, Houston, TX, 77027

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths600 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$216.67 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Refrigerator, Dishwasher
FlooringCarpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard

Building Information

Year Built1967
Stories1

Land Information

APN1134470000004
SubdivisionSummit Court Condo
Land UseResidential
Legal DescriptionUNIT 118 BDLG C SUMMIT COURT CONDO
Census Tract411507
Assessed Land Value$25,480
Assessed Improvement Value$108,627
Assessment Year2025

About this property

Make plans to visit this cozy, private condo unit located in the convienient location of Greenway Plaza. The Summit Condo complex is an established property with mature trees and walkways surrounded by appealing green landscape. Enjoy your living room view facing the private pool or take a refreshing swim. This 1 bedroom unit is just right for downsizing or owning your first home. The location is adjacent to popular areas including Highland Village, the Galleria, Montrose and more. The unit has new window blinds and is scheduled for new roofing. The bedroom has a walk-in closet with a secondary standard closet. The HOA fees include water, ground maintenance, limited access gates and assigned parking (1). Schedule with your realtor or call for more informaton. Let's Make it happen for you!

Investor Tools

Property Icon
$134,107
Estimated Property Value
$127,645Estimated Mortgage Balance
$0Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$805 /month
Positive
Cash Flow Estimate:
$268 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,205
$134,107
2025
$25,480
$108,627
$134,107
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,205
$134,107

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$127,645
Yes
First
Oct 23, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,300
N/A
0%
181%
$1,532/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,812/mo
$-172/mo
14.7%

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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3224 Timmons Ln Apt 118 | Property Details | No Agent List