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$988,000

NAL Estimated Property Value

5000 Montrose Boulevard 21A, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths4,251 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$245.82 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Electric Oven, Oven, Microwave, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Stone

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1982
Stories1

Land Information

APN1152880210004
Subdivision5000 Montrose At The Museum
Land UseResidential
Legal DescriptionUNIT 21A & 21D FLOOR 21 .0242 INT COMMON LAND & ELE 5000 MONTROSE AT THE MUSEUM CONDO 14TH AMEND
Census Tract411902
Assessed Land Value$133,000
Assessed Improvement Value$567,000
Assessment Year2025

About this property

RARE opportunity to own a penthouse occupying a half floor in one of the Museum area’s most popular high rises. Two units were combined on the east side of the building to create a custom home with breathtaking panoramic, 270-degree views of the Med Center/Hermann Park, downtown and the Galleria. Expansive primary suite with sitting area and large bathroom with his/hers walk-in closets, steam shower and whirlpool tub. Comfortable living spaces and a large bar area built for entertaining. Enjoy the outdoors on one of 3 terraces. Outstanding location adjacent to Houston’s best museums, walking distance to Hermann Park and Rice U, easy access to the Med Center and downtown. Building amenities include pool, party room, 24 hr concierge, porter, valet and in-house gym. HOA fee covers HVAC maintenance. This UNIQUE property represents tremendous potential to customize this spectacular home. Estate, property to be sold in its current condition.

Investor Tools

Property Icon
$988,000
Estimated Property Value
$615,044Estimated Mortgage Balance
$372,956Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,270 /month
Positive
Cash Flow Estimate:
$2,090 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,317/month
$3,650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,869
$700,000
2025
$133,000
$567,000
$700,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,869
$700,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$548,250
No
First
May 14, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$615,044
$372,956
37%
62%
$4,078/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$7,728/mo
$-5,768/mo
2.4%

City: Houston

5000 Montrose Boulevard 21A | Property Details | No Agent List