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$386,600

1610 Colorado St, Houston, TX, 77007

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,726 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$223.99 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Dryer, Full Size, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size1,433 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1273320010017
Lot Number17
SubdivisionMerfish Colorado
Land UseResidential
Legal DescriptionLT 17 BLK 1 MERFISH COLORADO
Census Tract510100
Assessed Land Value$126,016
Assessed Improvement Value$229,464
Assessment Year2025

About this property

Welcome to 1610 Colorado! This wonderful home is located in a gated community & offers hardwood floors, great natural light & an open floor plan. The kitchen opens to the dining room & living room making entertaining a breeze & the covered balcony offers an extension of the living space. The primary suite spans the 3rd floor w/ a spacious bedroom, 2 walk-in closets, ensuite bathroom & access to additional storage in the attic. The 1st floor has a secondary bedroom w/ a walk-in closet & full bath. Hardscaped backyard w/ pavers & black star gravel offers a relaxing outdoor space. The roof was recently replaced (2024) & stucco work was completed in 2024. Located in the heart of the Arts District neighboring Downtown, Heights & Washington Corridor & just blocks to the hike & bike trail w/ access to the Heights, Buffalo Bayou Trail & more! Also walkable to exercise studios, restaurants & markets, you will love the proximity to both work & play! Located in a no horn zone for the train.

Investor Tools

$318,972Estimated Mortgage Balance
$36,508Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,320 /month
Positive
Cash Flow Estimate:
$773 /month

Interested in this property?

Estefani Flores

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$560/month
$2,155/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,943
$355,480
2025
$126,016
$229,464
$355,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,943
$355,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers National Bank
Conventional
$329,800
No
First
Dec 26, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,972
$36,508
10%
90%
$1,978/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$4,133/mo
$-2,173/mo
6.6%

City: Houston