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Owner Contacts

$205,152

NAL Estimated Property Value

705 Main St Unit 417, Houston, TX, 77002

Off Market

1 Beds

1 Bath

890 Sq Ft

Condos / Townhouses

$230.34 / sqft

Built in 1921

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringConcrete, Tile, Wood

Building Information

Year Built1921

Land Information

APN1269460000056

SubdivisionSt Germain Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 417 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND

Census Tract980700

Assessed Land Value$38,979

Assessed Improvement Value$166,173

Assessment Year2025

About this property

Architectural elements abound in this updated, spacious STUDIO loft in heart of Downtown. Featuring exposed cement ceilings, brick wall, exposed ductwork/plumbing & commercial style windows. Large open Living/Dining/Bedroom is approx 25'x18' (Buyer to verify) with reclaimed hardwood floors. Updated Kitchen features replaced cabinetry, granite tops, tile backsplash & SS appliances. Huge updated Bath has amazing cabinet storage, granite tops, vessel sink, marble floors, updated lighting & plumbing fixtures and separate toilet closet. Spectacular closet with Elfa Organization system. Refrigerator, washer & dryer included in sale. 1 assigned garage space. Building has rooftop deck, gym, M-F Daytime concierge & more. On MetroRail. Across street from Finn Hall & Shake Shack. Walkable to Theater District, Sporting venues, Market Sq Park, Discovery Green Park and all Downtown attractions. BUILDING DOES NOT ALLOW SHORT TERM/AIR BNB TYPE RENTALS.

Investor Tools

$205,152

Estimated Property Value

$201,638Estimated Mortgage Balance

$3,514Estimated Equity

1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,231 /month

Positive

Cash Flow Estimate:

$410 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$306/month

$523/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,648

$205,152

2025

$38,979

$166,173

$205,152

Tax History

Year

Tax Paid

Assessed Value

2024

$2,648

$205,152

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amcap Mortgage Ltd

$217,558

Yes

First

Jun 3, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$201,638

$3,514

98%

$1,305/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$1,828/mo

$-298/mo

8.9%

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