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$156,290

5005 Georgi Lane 88, Houston, TX, 77092

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,424 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.26 / sqft
Year BuiltBuilt in 1974

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Oven
FlooringLaminate, Tile

Exterior

Exterior FeaturesTennis Court(s)

Building Information

Year Built1974
Stories1

Land Information

APN1061530010088
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 88 BLDG K .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$29,695
Assessed Improvement Value$126,595
Assessment Year2025

About this property

Rare 3 bedroom, 2 bath downstairs Townhome located in Covered Bridge Condos! This unit has been updated with new granite, new laminate floors, new cabinets, new light fixtures, new kitchen appliances and fresh paint. Large enclosed back patio with a large storage room that measures approximately 7'x7'. Large bedrooms and closet space. Rented with refrigerator, washer and dryer located in the hall bath. Assigned covered parking space for owners with plenty of uncovered parking spaces for your guests. Unit is move in ready!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,661
$156,290
2025
$29,695
$126,595
$156,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,661
$156,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wolfe Financial Inc
Conventional
$122,400
No
First
Nov 23, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,985
$44,305
28%
72%
$734/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$734/mo
+$988/mo
13.2%

Learn About the Market: Opportunity in Houston

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Explore

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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5005 Georgi Lane 88 | Property Details | No Agent List