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$1,177,642

8902 Ilona Lane 1, Houston, TX, 77025

Off MarketInfo
LeaseInfo
Beds1 Beds
Baths1 Bath
Baths600 Sq Ft
ApartmentApartment
price_per_sqft$1.46 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDisposal, Refrigerator, Dishwasher
FlooringLaminate

Exterior

Exterior FeaturesBalcony
Lot Size15,246 sqft

Building Information

Year Built1965

Land Information

APN0830580000005
Lot Number5
SubdivisionBraes Manor
Land UseCommercial
Legal DescriptionLT 5 BLK 2 BRAES MANOR SEC 1
Census Tract413302
Assessed Land Value$533,610
Assessed Improvement Value$644,032
Assessment Year2025

About this property

Absolutely spotless and just remodeled 1-bedroom units adjacent to a beautiful park and featuring all-new granite kitchens and baths with brand-new stainless steel appliances, fresh paint, new flooring, new cabinets and doors, new lighting and hardware, controlled access via coded driveway gate with assigned parking space and storage locker. Quiet, small, 10-unit complex that's located just minutes from the Medical Center and zoned to acclaimed Bellaire High School and Longfellow Elementary School. These on-line photos show a variety of available floorplans, both upstairs and downstairs, and some with a view of the park. Very attentive management and ready to occupy soon .... We also have 2-bedroom units available for $1,150 per month .... These won't last long so call Hallmark today for a tour and to see the various units that are available.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,409/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,016
$1,177,642
2025
$533,610
$644,032
$1,177,642
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,016
$1,177,642

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Iberiabank
Purchase Money Mortgage
$870,000
No
First
Jul 7, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$789,940
$387,702
32%
67%
$5,217/mo

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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8902 Ilona Lane 1 | Property Details | No Agent List