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$1,016,000

4521 San Felipe Street 2304-5, Houston, TX, 77027

$1,320,800 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths4,361 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$527.17 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Washer/Dryer, Refrigerator
FlooringCarpet, Stone, Wood

Exterior

Exterior FeaturesStorage, Outdoor Kitchen, Dog Run, Balcony

Building Information

Year Built2018

Land Information

APN1404400130002
Land UseResidential
Legal DescriptionUNIT 2202 .0064 INT COMMON LAND & ELE ARABELLA CONDO 8TH AMEND
Census Tract411302
Assessed Land Value$166,811
Assessed Improvement Value$711,139
Assessment Year2025

About this property

Freshly painted and carpet replaced 4/2025, you must see this one of a kind home in the sky w/ direct elevator access. Two combined units creating a 4 bed/5.5 bath w/ living room & separate game room. Oversized primary suite w/ sitting area on 1 end of the residence & features electric shades, luxurious bath w/ separate shower & soaking tub, & custom closet w/ tons of storage. Chef’s Kitchen features marble counters, Eggersmann soft close cabinetry and Gaggenau appliances, opens to generously sized Dining & Living rooms area. Floor to ceiling windows w/ solar shades bring in jaw dropping views of the Galleria area skyline. Large walk-in wet bar w/ same sleek Eggersmann cabinetry. All bedrooms are en-suite & have walk-in custom closets & electric blackout shades. Unit comes w/ four unreserved parking spaces. Full service building w/ highly rated staff including 24/7 armed guard, electric car station, indoor & outdoor pool, dog park, hotel suite, gym, massage room and resident lounge.

Investor Tools

Property Icon
$1,016,000
Estimated Property Value
$0Estimated Mortgage Balance
$203,090Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,320,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,794 /month
Positive
Cash Flow Estimate:
$4,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,839/month
$3,917/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,990
$877,950
2025
$166,811
$711,139
$877,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,990
$877,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Iberiabank
Arm (Adjustable Rate Mortgage)
$943,950
No
First
Dec 10, 2018
Jan 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$812,910
$203,090
19%
80%
$4,783/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$8,700/mo
$-6,740/mo
2.3%

Learn About the Market: Opportunity in Houston

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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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4521 San Felipe Street 2304-5 | Property Details | No Agent List