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$389,000

2929 Buffalo Speedway # B121, Houston, TX, 77098

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths912 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$426.54 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher, Washer/Dryer

Exterior

Exterior FeaturesExercise Room
Lot Size3.37 acres

Building Information

Year Built1965
Stories1

Land Information

APN1145270240002
SubdivisionThe Lamar Tower Condo Amend
Land UseResidential
Legal DescriptionUNIT 121 BLDG B .00210 INT COMMON LAND & ELE THE LAMAR TOWER CONDO AMEND
Census Tract411001
Assessed Land Value$46,597
Assessed Improvement Value$198,651
Assessment Year2025

About this property

This newly remodeled one-bedroom condominium in Lamar Tower located in the River Oaks area features beautiful flooring, fresh paint throughout, spacious living and dining areas, and an updated kitchen with new countertops, cooktop, and range hood. The bedroom and dining area offer direct access to a private gated patio just steps from the recently renovated pool and gardens. Additional upgrades include dual bathroom sinks, space for full-size externally vented washer and dryer, and a new A/C system. Amenities include concierge services, valet parking, a fitness center, garden room, outdoor grills, and a gated dog park. The Lamar Towers is conveniently walking distance to St. John’s School and The RO, a new 17-acre mixed-use development featuring luxury residences, boutique retail, upscale dining, offices, and a luxury hotel.

Investor Tools

$0Estimated Mortgage Balance
$478,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,868 /month
Positive
Cash Flow Estimate:
$956 /month

Interested in this property?

Michael Bedner

Michael Bedner Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,895
$245,248
2025
$46,597
$198,651
$245,248
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,895
$245,248

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$478,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$1,150/mo
+$1,100/mo
5.6%

City: Houston

2929 Buffalo Speedway # B121 | Property Details | No Agent List