1489Days on Market

1view

$2,100

510 Lovett Blvd Apt 204, Houston, TX, 77006

On Market

2 Beds

1 Bath

1,138 Sq Ft

Condos / Townhouses

$1.85 / sqft

Built in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringCarpet, Marble, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2008

Garage Spaces1

Land Information

APN1318250000004

SubdivisionLovett Place Condo 4th Amend

Land UseResidential

Legal DescriptionUNIT 204 .0325 INT COMMON LAND & ELE LOVETT PLACE CONDO 4TH AMEND

Census Tract410704

Assessed Land Value$45,888

Assessed Improvement Value$195,629

Assessment Year2025

About this property

Location, Location! 93 Walk Score™! Immediately neighboring with three historical districts, this 25-unit condo building sets on a beautiful, tree lined street in one of the most sought-after areas of Montrose. Features include hardwood flooring, 10ft ceilings, recessed lighting, crown molding & upgraded washer/dryer. With gas cooking, the breakfast bar kitchen views out into the combo dining/living room. The spacious bathroom offers dual vanities, jetted tub & a walk-in shower. Common area amenities include a nicely equipped fitness center & a roof top terrace, overlooking the Montrose neighborhood, with spectacular views of downtown & the medical center. For your vehicle, there is an assigned space in the parking garage. Great restaurants, coffee shops & popular night life spots all within just a few blocks, including the Montrose Collective! Quick access to the med center, museum district & downtown. Water/sewer/trash & gas included!

Investor Tools

$322,000

Estimated Property Value

$115,000Estimated Mortgage Balance

$218,390Estimated Equity

64% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,932 /month

Positive

Cash Flow Estimate:

$644 /month

Interested in this property?

Drew Pursell

Martha Turner Sotheby's International Realty

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$599/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,575

$241,517

2025

$45,888

$195,629

$241,517

Tax History

Year

Tax Paid

Assessed Value

2024

$5,575

$241,517

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loandepot.Com Llc

Conventional

$115,000

First

May 10, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$103,610

$218,390

67%

32%

$690/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$690/mo

+$950/mo

6.1%

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