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$349,000

NAL Estimated Property Value

5353 Institute Lane 7, Houston, TX, 77005

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,105 Sq Ft
price_per_sqft$206.33 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Building Information

Year Built1970
Stories1

Land Information

APN1100830000006
SubdivisionUniversity Park Place Condo
Land UseResidential
Legal DescriptionUNIT F6 BLDG F 1.790% INT COMMON LAND & ELE UNIVERSITY PARK PLACE CONDO
Census Tract411902
Assessed Land Value$45,829
Assessed Improvement Value$195,376
Assessment Year2025

About this property

Fabulous 2018 renovation in the Museum/Rice/Med Center area. Location! This 1st level condo boasts an open floorplan - 2 bedr/1 bath offers quartz surfaces, double sinks in shared bath, and tile floors that look like wood throughout! Kitchen opens to dining area with built-in seating/storage. Nice walk-in pantry/storage closet off kitchen. Good size closets in bedrooms. Recessed lighting, crown molding. (1) covered parking space plus additional street parking. Nice pool area in this intimate 2-story complex situated on a dead-end street off Bissonnet. (1) pet allowed up to 20-lbs per HOA. Monthly maintenance includes: all utilities, basic cable, pool, building exterior maintenance, water, trash removal 2x/wk and grounds. It does not get better than this!

Investor Tools

Property Icon
$349,000
Estimated Property Value
$0Estimated Mortgage Balance
$349,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
$658/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,096
$241,205
2025
$45,829
$195,376
$241,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,096
$241,205

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$349,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$658/mo
+$1,302/mo
6.7%

City: Houston

5353 Institute Lane 7 | Property Details | No Agent List