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General Description

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Excellent investment opportunity to capitalize on the location in the heart of the world's largest medical center, the Texas medical center. It's located in an area with high income demographics and strong growth. Ideal for both commercial and residential use including building medical facilities and labs, also suitable for setting up complex/high-rise to meet growing demand for housing in the area. Immediate area characterized by new high-rise condominium and high-rise office development. Location makes it very unique as you get convenient access to IH 610, IH-45, US 59 and IH-10. May be the only tract of land in the area - buy and build before it is gone!

MLS#:

58364923 (HAR)

Listing Price:

$ 2,200,000
$Convert

Listing Status:

For Sale

Address:

7301 Fannin Street

City:

Houston

State:

Zip Code:

77030

County:

Harris County

Subdivision:

SCR

Legal Description:

RES A BLK 1 SCR

Property Type:

Lots

Lot Size:

12,889 Sqft. /Appraisal District

Market Area:

Medical Center Area

Exterior Features

Lot Description:

Corner, Other

Water Sewer:

Public Sewer, Public Water

Cable:

Unknown

Phone:

Unknown

Gas:

Gas Available

Electric:

Electric Available

Unit Location:

Corner, Other

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Additional Information

List Type:

Exclusive Right to Sell/Lease

Financial Information

Financing Considered:

Cash Sale, Conventional, Investor, Other

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$19, 783/2020

Tax Rate:

2.5366

ELECTRICITY

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Due Date

Amount Due

Total Usage

Electric Heat

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2020	$--	$779,892	19.80%	$779,892	19.80%
2019	$--	$651,002	0.00%	$651,002	0.00%
2018	$--	$651,002		$651,002

2020 Harris County Appraisal District Tax Value

Market Land Value:	$773,340
Market Improvement Value:	$6,552
Total Market Value:	$779,892

harris County Appraisal District

2020 Tax Rates

HOUSTON ISD:	1.1367 %
HARRIS COUNTY:	0.4071 %
HC FLOOD CONTROL DIST:	0.0279 %
PORT OF HOUSTON AUTHORITY:	0.0107 %
HC HOSPITAL DIST:	0.1659 %
HC DEPARTMENT OF EDUCATION:	0.0050 %
HOUSTON COMMUNITY COLLEGE:	0.1003 %
HOUSTON CITY OF:	0.5679 %
GREATER SE MGMT DIST:	0.1150 %
Total Tax Rate:	2.5366 %

Estimated Mortgage/Tax

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$10,051 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 8,403
Estimated Monthly Property Tax (Based on Tax Assessment 2020)	$ 1,6491,649
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Medical Center Area

Home For Sales:

281

Average List Price:

$256,156

Average Bedrooms:

2.01

Average Baths:

1.73

Average Square Ft.:

1,463

Average Price/Square Ft.:

$174.80

Home For Lease:

205

Average Lease:

$1,374

Average Lease/Square Ft.:

$1.28

Market Update Video

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Medical Center Area

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.