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$2,145,200

NAL Estimated Property Value

3433 Westheimer Road 801, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,533 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$957.36 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Oven, Microwave, Gas Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen, Dog Run, Balcony

Building Information

Year Built1962

Land Information

APN1368100080001
Land UseResidential
Legal DescriptionUNIT 801 LEVEL 8 .0101 INT COMMON LAND & ELE THE RIVER OAKS CONDO 3RD AMEND
Census Tract411504
Assessed Land Value$407,594
Assessed Improvement Value$1,737,606
Assessment Year2025

About this property

Fantastic opportunity to own in the fully staffed and the newly remodeled River Oaks. This North facing, 2 bed, 2.5 bath unit has open concept and breathtaking Downtown Houston and River Oaks views from the 8th floor. Wraparound balcony and spacious living room adjacent to the large kitchen and dining area. Sleek and sophisticated interiors include hardwoods as well as lush carpeting in the bedrooms. Kitchen complete with Gaggenau appliances, Poggenpohl cabinetry and hardware, marble island, and spacious walk in pantry. Motorized solar shades throughout living and dining. Sizeable bedrooms feature motorized solar and blackout shades, en-suite bathrooms and walk in closets. The River Oaks world-class amenities leave nothing to be desired with gorgeous lobbies, valet, full service concierge, resort style pool and spa, exercise/health club, pet grooming/wash spa, dog park, massage room, conference/party room and guest suites. Unit complete with storage unit and 2 reserved parking spots.

Investor Tools

Property Icon
$2,145,200
Estimated Property Value
$1,133,970Estimated Mortgage Balance
$1,011,230Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,550 /month
Positive
Cash Flow Estimate:
$4,850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,318/month
$2,197/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$41,093
$2,145,200
2025
$407,594
$1,737,606
$2,145,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$41,093
$2,145,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jefferson Bank
Conventional
$1,200,000
No
First
Nov 16, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,133,970
$1,011,230
47%
53%
$6,442/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$8,639/mo
$-6,679/mo
1.1%

City: Houston

3433 Westheimer Road 801 | Property Details | No Agent List