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$1,104,000

NAL Estimated Property Value

5002 Milam St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,039 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.88 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Free-Standing Range, Gas Cooktop, Gas Range, Indoor Grill, Dryer, Refrigerator, Washer, Dishwasher, Instant Hot Water, Oven, Water Purifier, Cooktop
FlooringConcrete, Tile, Wood

Exterior

Exterior FeaturesBalcony, Storage
Lot Size2,148 sqft

Building Information

Year Built2002
Garage Spaces2

Land Information

APN1225960010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 CHELSEA OAKS PLACE
Census Tract411902
Assessed Land Value$206,250
Assessed Improvement Value$537,650
Assessment Year2025

About this property

Discover this stunning contemporary home situated in the desirable Museum District neighborhood, walking distance to museums, Rice University & Herman Park. Tastefully designed & fully furnished, this home is just what you've been looking for. The home is an architectural stand out w/cool toned color palette effortlessly combined with cedar and wrought iron accents.A spacious, sunny kitchen is fitted w/stainless steel appliances, gas stove & elegant dining area.Guest bedroom w/private patio access, full bath w/tub located on 1st floor. Main living area located on 2nd floor w/a spacious balcony along w/second & primary bedrooms. The primary bathroom is magazine worthy with a stylish, monochrome palette, oversized whirlpool tub, separate shower and walk-in closet. Flex space on 3rd & 4th floor. W/ the property facing south, natural light pours into the home through the many oversized windows, even on the cloudiest of days.Home boasts over 700sf of roof top terrace overlooking TMC & MFAH.

Investor Tools

Property Icon
$1,104,000
Estimated Property Value
$388,215Estimated Mortgage Balance
$715,785Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,624 /month
Positive
Cash Flow Estimate:
$2,208 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,308/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,175
$743,900
2025
$206,250
$537,650
$743,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,175
$743,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$435,200
No
First
Nov 25, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$388,215
$715,785
64%
35%
$2,610/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,610/mo
$-650/mo
2.1%

City: Houston

5002 Milam St | Property Details | No Agent List