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$286,000

NAL Estimated Property Value

3502 Burlington St Apt 15, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,254 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$158.69 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer, Oven
FlooringConcrete, Tile, Wood

Building Information

Year Built1999

Land Information

APN1205890000015
Land UseResidential
Legal DescriptionUNIT 15 .0582 INT COMMON LAND & ELE THE BURLINGTON CONDO 1ST AMEND
Census Tract410704
Assessed Land Value$38,823
Assessed Improvement Value$165,509
Assessment Year2025

About this property

Fantastic opportunity to live in the Westmoreland Historic District of Montrose for under 200k! Two story corner unit on a rare quiet street with almost zero cut through traffic. Downstairs you have a living room and kitchen with engineered wood flooring, a guest or secondary bedroom, and a full bath. Upstairs is a third bedroom with closet, and a master suite with jetted tub and dual sinks. Dual zoned A/C with high efficiency units new in 2017. Great HOA takes good care of the community. HOA covers water, sewer, trash, grounds, pool maintenance, walls-out insurance, building maintenance and exterior repairs, roof.

Investor Tools

Property Icon
$286,000
Estimated Property Value
$139,717Estimated Mortgage Balance
$146,283Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
$570/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,512
$204,332
2025
$38,823
$165,509
$204,332
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,512
$204,332

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$156,000
No
First
Dec 17, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,717
$91,283
39%
49%
$936/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,506/mo
+$454/mo
8.2%

City: Houston

3502 Burlington St Apt 15 | Property Details | No Agent List