Last 24 Hours
$1,670,000
1701 Hermann Dr # 27c, Houston, TX, 77004
On Market
Just Added
3 Beds
3 Bath
2,749 Sq Ft
Condos / Townhouses
$607.49 / sqft
Built in 1983Property Lead Type:
BankruptcyAbsentee OwnerHigh EquityCash BuyersMove-In Ready
Highlights
Interior
Bedrooms 3
Bathrooms Full 3
Heating Central
CoolingAppliancesENERGY STAR Qualified Appliances, Disposal, Refrigerator Included, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Full Size, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood
Exterior
Exterior FeaturesBalcony/Terrace, Exercise Room, Playground, Storage, Tennis Court(s), Trash Chute, Outdoor Kitchen, Dog Run, Storage Outside of Unit
Lot Size2.00 acres
Building Information
Year Built1983
Land Information
APN1155890270002
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 27CE FLR 27 .954335 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$162,710
Assessed Improvement Value$693,658
Assessment Year2025
About this property
HOME HAS BEEN COMPLETELY RENOVATED. This 27th floor, corner 3 bedroom offers stunning views of Hermann Park & the Texas Medical Center. Beautiful hardwood floors throughout the living areas and primary bedroom. Sleek Dekton countertops with Eggersmann cabinetry and Thermador Appliances. Pre-wired for home automation technology package. Steps from Hermann Park and the Museum District, and just minutes from the Texas Medical Center, Rice Village, Downtown and more--The Parklane offers stunning condominium homes with modern finishes and conveniences, sweeping park and city views, and urban Houston living at its finest. Homes are available for immediate move-in. Stop by today and see for yourself!
Investor Tools
$0Estimated Mortgage Balance
$1,640,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,020 /month
Positive
Cash Flow Estimate:
$3,340 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,204/month
$2,599/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,247
$856,368
2025
$162,710
$693,658
$856,368
No
Tax History
Year
Tax Paid
Assessed Value
2020
$6,247
$856,368
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,640,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,599/mo
$-877/mo
1.3%
12.4%