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Owner Contacts

$98,627

NAL Estimated Property Value

8201 Richmond Avenue 50, Houston, TX, 77063

Off Market

2 Beds

2 Bath

1,040 Sq Ft

Condos / Townhouses

$95.19 / sqft

Built in 1978

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

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

FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1978

Stories1

Land Information

APN1142940040002

SubdivisionThe Tamerrand Condo

Land UseResidential

Legal DescriptionUNIT 50 BLDG D .016600 INT COMMON LAND & ELE THE TAMERRAND CONDO

Census Tract432600

Assessed Land Value$18,739

Assessed Improvement Value$79,888

Assessment Year2025

About this property

Updated Condo located near the Galleria, 610 and 59. Second floor unit offers 2 bedrooms, 2 updated bathrooms, 1,040 Sq.Ft. Living Space, open floor plan, Wood fireplace, fresh paint, updated kitchen with new SS appliances, white granite counters, new cabinets, breakfast bar. SS Refrigerator, Microwave, dishwasher, Electric stove included in the sale. Washer/Dryer inside the unit. Per seller recent roof in 2017. Controlled access gate, Small Community, Pool, 2 assigned parking places. Great for first time home buyers, roommates, cash flow investors. Conveniently located near Metro Stop. Per seller unit did not flood during Harvey. The seller has enjoyed the quiet and calm of the community.

Investor Tools

$98,627

Estimated Property Value

$0Estimated Mortgage Balance

$98,627Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$594 /month

Positive

Cash Flow Estimate:

$198 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$190/month

$356/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,782

$98,627

2025

$18,739

$79,888

$98,627

Tax History

Year

Tax Paid

Assessed Value

2024

$1,782

$98,627

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$98,627

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,500/mo

$356/mo

+$1,144/mo

18.3%

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