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$321,000

NAL Estimated Property Value

5000 Montrose Boulevard 15B, Houston, TX, 77006

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths899 Sq Ft
price_per_sqft$305.9 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesPlayground, Outdoor Kitchen, Balcony

Building Information

Year Built1982
Stories1

Land Information

APN1152880150002
Subdivision5000 Montrose At The Museum
Land UseResidential
Legal DescriptionUNIT 15B FLOOR 15 .0051 INT COMMON LAND & ELE 5000 MONTROSE AT THE MUSEUM CONDO 14TH AMEND
Census Tract411902
Assessed Land Value$60,990
Assessed Improvement Value$260,010
Assessment Year2025

About this property

Beautifully updated one bedroom, one bath 15th floor unit at 5000 Montrose at The Museum. This light filled north facing unit features hardwood floors, crown molding, and custom built-ins with storage. A re-designed kitchen has stainless appliances and vent hood, Bosch dishwasher, and granite counters. Double doors open to the bedroom. Carrara marble in the bath with two sinks and glass enclosed tub shower. Balcony large enough for entertaining. Restoration Hardware chandeliers in the dining area and bedroom. Abundant closets. Full size washer and dryer. One assigned parking space. Building amenities include concierge, porter, on-site management, exercise room, party room, and rooftop pool deck with hot tub, garden, and grill station. Located in Houston’s dynamic Museum District across from The Glassell School of Art and The Museum of Fine Arts, and just blocks from Rice University, Hermann Park and The Medical Center. Convenient to Downtown.

Investor Tools

Property Icon
$321,000
Estimated Property Value
$152,089Estimated Mortgage Balance
$168,911Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,926 /month
Positive
Cash Flow Estimate:
$642 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$484/month
$813/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,204
$321,000
2025
$60,990
$260,010
$321,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,204
$321,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$165,000
No
First
Mar 2, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,089
$168,911
52%
47%
$990/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,803/mo
$-163/mo
6.1%

City: Houston

5000 Montrose Boulevard 15B | Property Details | No Agent List