NOT LISTED FOR SALE

1612 Richmond Ave Unit B Houston, TX 77006

Montrose Neighborhood

Estimated Value: $939,000

2 Beds
1.5 Baths
1,500 Sq Ft
5,249 Sq Ft Lot

Highlights

  • Newly Remodeled
  • Sitting Area In Primary Bedroom
  • Contemporary Architecture
  • Poe Elementary School Rated A-
  • 0.12 Acre Lot
  • 2-minute walk to Mandell Park

About This Home

As of August 2019

Enter on 2nd floor Unit B. VERY unique loft style studio residential space on second floor! New construction! High 2 story open ceilings w/ exposed a/c ductwork. Flexible rooms & bedroom arrangements, owner has plans for 2bedroom option but could possibly still revise. All your own space with washer & dryer to be included inside. Third level mezzanine w/ dining, kitchenette & large balcony w/ views!!! Located walking distance to multiple restaurants and Mandell park. Starbucks down the street and HEB close by too! Also, walking distance to Menil Museum and close to Rice University and St. Thomas University. Great for Students! Great for Entertaining! Multiple parking spots right in front of building. ***NOTE: Unit A residence on first floor is occupied, please do not disturb.

Last Agent to Rent the Property

Madeline Franqui

REALM Real Estate Professionals - Galleria License #0481172 Listed on: 07/28/2019

REALM Real Estate Professionals - Galleria

Last Renter's Agent

Nonmls

Houston Association of REALTORS

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,817

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • South Facing Home
  • Fenced Yard

Home Design

  • Loft
  • Contemporary Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Wood Flooring
  • Security System Owned

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • En-Suite Primary Bedroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Additional Parking

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony

Schools

  • Poe Elementary School
  • Lanier Middle School
  • Lamar High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Property Available on 8/15/19
  • Long Term Lease

Community Details

Overview

  • 2 Units
  • Lancaster Place Ext Sec 02 Subdivision

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit Required

Security

  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$22,817

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Rental Info

  • Lease Term: Long Term
  • Available Date: 2019-08-15

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Lease
  • Building Stories: 2
  • Year Built: 2018
  • Lot Size Acres: 0.1205
  • Road Surface Type: Concrete
  • Subdivision Name: Lancaster Place Ext Sec 02
  • Architectural Style: Contemporary/Modern, Loft, Duplex
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: HVAC, Insulation, Lighting, Thermostat, Windows
  • Property Attached Yn: No
  • Structure Type: Duplex
  • Property Sub Type Additional: Duplex,Detached,Single Family Residence
  • Pets No Pets Comments: PetDepositDescription:300.00 pet deposit
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:052-265-000-0027
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave, Dryer, Refrigerator, Washer
  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Wood
  • Interior Amenities: Balcony, High Ceilings, Bath in Primary Bedroom, Quartz Counters, Sitting Area in Primary, Separate Shower, Vaulted Ceiling(s), Kitchen/Dining Combo, Loft, Programmable Thermostat
  • Living Area: 1500.0
  • Dining Room Type: Dining Room, Kitchen, Loft, Living Room, Utility Room, Half Bath
  • Stories: 3
  • Window Features: Low-Emissivity Windows

Exterior Features

  • Disclosures: Seller Disclosure
  • Lot Features: Subdivision
  • Pool Private: No
  • Direction Faces: South
  • Exterior Features: Fence
  • Property Condition: New Construction

Garage/Parking

  • Parking Features: Additional Parking, Driveway

Utilities

  • Utilities: Cable Available, Sewer Available, Trash Collection, Water Available
  • Security: Security System Owned, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Conditional, Pet Deposit

Schools

  • Elementary School: POE ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: LAMAR HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: LANIER MIDDLE SCHOOL

Lot Info

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2024
Sold by
Clark Dwain
Bought by
Richmond Avenue Edition Llc
Current Estimated Value
$939,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Outstanding Balance
$709,202
Interest Rate
8.53%
Mortgage Type
New Conventional
Estimated Equity
$229,798

Purchase Details

Closed on
Mar 16, 2021
Sold by
2020 Richmond Llc
Bought by
Clark Dwain

Purchase Details

Closed on
May 8, 2015
Sold by
Quest Iro Inc
Bought by
Baharioo Morteza

Purchase Details

Closed on
Apr 21, 2015
Sold by
Ukani Ferishteh
Bought by
Quest Ira Inc

Purchase Details

Closed on
May 14, 2013
Sold by
Ukani Ferishteh
Bought by
Quest Inc

Purchase Details

Closed on
Dec 29, 2011
Sold by
Ukani Ferishteh
Bought by
Richmond Star Realty Llc

Purchase Details

Closed on
Sep 22, 2011
Sold by
Defoyd Jim L
Bought by
Ukani Ferishteh

Purchase Details

Closed on
Nov 16, 2004
Sold by
Skelton Jay W and Skelton Vehitia
Bought by
Pelton Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2000
Sold by
Pelton Robert O
Bought by
Skelton Jay W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.95%

Purchase Details

Closed on
Aug 28, 1996
Sold by
Jackson Timothy L
Bought by
Defoyd Jim L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Richmond Avenue Edition Llc -- None Listed On Document
Clark Dwain -- None Available
Baharioo Morteza -- None Available
Quest Ira Inc -- None Available
Quest Inc -- None Available
Ukani Ferishteh -- None Available
Richmond Star Realty Llc -- None Available
Ukani Ferishteh -- None Available
Pelton Robert -- Commonwealth Title
Skelton Jay W -- --
Defoyd Jim L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richmond Avenue Edition Llc $716,000
Previous Owner Pelton Robert $180,000
Previous Owner Skelton Jay W $108,000
Closed Pelton Robert $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2024 08/18/24 Off Market $2,200 -- --
08/22/2019 08/22/19 Rented $2,200 -13.7% --
07/28/2019 07/28/19 For Rent $2,550 +15.9% --
07/28/2019 07/28/19 Rented $2,200 -- --
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,817 $1,132,594 $630,000 $502,594
2024 $22,817 $1,090,480 $577,500 $512,980
2023 $22,817 $1,000,000 $577,500 $422,500
2022 $20,249 $919,630 $420,000 $499,630
2021 $21,424 $919,216 $420,000 $499,216
2020 $18,305 $755,900 $420,000 $335,900
2019 $16,150 $638,236 $420,000 $218,236
2018 $11,292 $446,250 $446,250 $0
2017 $11,842 $446,250 $446,250 $0
2016 $11,842 $446,250 $446,250 $0
2015 $9,340 $341,250 $341,250 $0
2014 $9,340 $346,500 $346,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 9686746

Houston Association of REALTORS®

APN: 0522650000027