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$252,000

NAL Estimated Property Value

5353 Institute Lane 7, Houston, TX, 77005

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths1 Bath
Baths1,105 Sq Ft
price_per_sqft$1.63 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher
FlooringTile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1970
Stories1

Land Information

APN1100780000003
SubdivisionUniversity Park Place Condo
Land UseResidential
Legal DescriptionUNIT A4 BLDG A 1.027% INT COMMON LAND & ELE UNIVERSITY PARK PLACE CONDO
Census Tract411902
Assessed Land Value$26,750
Assessed Improvement Value$114,037
Assessment Year2025

About this property

Location, location location! GORGEOUS newly renovated condo by the Museum/Rice/Med Center. Feels like new construction! This 2 bed/1 bath, open floorplan offers quartz countertops, double sinks in shared bathroom, recessed lighting, crown molding and tile-wood like floors all throughout! No carpet!! Kitchen opens to dining area with a beautiful craftsman built-in seating/storage. Spacious walk-in pantry by the kitchen. Walk-in closets in ALL bedrooms. Additional $100/month to cover basic cable, water, gas, electric and ONE covered parking space. Additional street parking. Covered porch off of the living room allows direct access to your assigned parking spot. A serene pool and courtyard also present in this 2-story complex situated on a dead end street off Bissonnet. 1 year minimum lease. No smoking. Laundromat is right next to unit. Zoned to prestigious schools. Walking distance to Rice University and so many museums!! This won’t last long!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,601
$140,787
2025
$26,750
$114,037
$140,787
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,601
$140,787

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$252,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
7.8%

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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5353 Institute Lane 7 | Property Details | No Agent List