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Owner Contacts

$217,927

NAL Estimated Property Value

705 Main St Unit 601, Houston, TX, 77002

Off Market

1 Beds

1 Bath

906 Sq Ft

$256.07 / sqft

Built in 1921

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

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

FlooringCarpet, Stone, Wood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1921

Land Information

APN1269460000078

SubdivisionSt Germain Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 601 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND

Census Tract980700

Assessed Land Value$41,406

Assessed Improvement Value$176,521

Assessment Year2025

About this property

Impressive Downtown 1/1 at St Germain Lofts facing Main St! Great floor plan with light filled Living/Dining boasts reclaimed maple floors, Kitchen with granite counters, Bedroom with additional built-in storage, large spa-like Bath, & soaring ceilings throughout. RECENT (2023) UPDATES INCLUDE FABULOUS WALK-IN SHOWER, NEW SINK IN BATH, NEW CARPET IN BEDROOM, WOOD FLOORS REFINISHED, NEW PAINT THROUGHOUT AND NEW RANGE, MICROWAVE & DISHWASHER. Refrigerator, washer, dryer & 1 premium parking space on ground floor included. Building has daytime M-F Concierge, gym, rooftop deck (in process of being replaced), party room, & onsite Property Manager. HOA fee includes building & common area maintenance & insurance, water, sewer & trash. On MetroRail line & walkable to Theater District, Minute Maid Park, Toyota Center, Discovery Green Park, Buffalo Bayou Hike & Bike Trails, Market Sq Park & All Downtown Attractions. SHORT TERM AIRBNB TYPE OF RENTALS NOT ALLOWED. 2024 HOA FEES ARE $686.58/MONTH.

Investor Tools

$217,927

Estimated Property Value

$204,390Estimated Mortgage Balance

$13,537Estimated Equity

6% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,392 /month

Positive

Cash Flow Estimate:

$464 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$468/month

$554/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,529

$217,927

2025

$41,406

$176,521

$217,927

Tax History

Year

Tax Paid

Assessed Value

2024

$4,529

$217,927

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$213,750

First

Dec 15, 2023

Jan 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$204,390

$13,537

94%

$1,282/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$1,836/mo

$-306/mo

8.4%

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