2031 Westcreek Ln 352, Houston, TX 77027 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2014Total Assessed Value $72,606,388County Harris

Property Details

The Apartments property 2031 Westcreek Ln 352, Houston, TX 77027 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $72,606,388.

The gross building area is 342,000 square feet and the land area is 74,854 square feet for this Apartment High Rise (5+ stories) built in 2014.

Legal description: Res B3 Blk 2 Westcreek

$72,606,388

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,258

Avg Rent

Property Image of 2031 Westcreek Ln 352, Houston, TX 77027, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area342,000

Land Size74,854

Land Value$14,970,800

Improved Value$57,635,588

Total Assessed Value$72,606,388

Year Built2014

County NameHarris

Account Number1349290020005

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Roof TypeFlat

Type ConstructionSteel

No of Stories25

Bathrooms14

Business Center1

Walk-in Closets1

Number of Units352

Exterior WallsGlass

Sales History

7/2/2018

Arms-lengthNot Disclosed

Buyer

Shlp Skyhouse River Oaks Llc

Seller

Skyhouse River Oaks Llc

Book Number

2018-295458

Recording Date

7/2/2018

Transaction Details

Shlp Skyhouse River Oaks Llc acquired the property from Skyhouse River Oaks Llc through a Arms-length transaction on 7/2/2018 for .

8/6/2014

Arms-length$13,266,750

Buyer

Westcreek Vp Lp

Seller

Westcreek Htx Real Estate Partners -

Book Number

2014.350165

Recording Date

8/6/2014

Transaction Details

Westcreek Vp Lp acquired the property from Westcreek Htx Real Estate Partners - through a Arms-length transaction on 8/6/2014 for $13,266,750.

1/23/2014

Arms-length$9,731,280

Buyer

Skyhouse River Oaks Llc

Seller

Houston Westcreek Partners Lp

Book Number

20140032755

Recording Date

1/23/2014

Transaction Details

Skyhouse River Oaks Llc acquired the property from Houston Westcreek Partners Lp through a Arms-length transaction on 1/23/2014 for $9,731,280.

Property constructed in 2014

YSale Price (USD) byXSales Year

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Mortgage History

7/2/2018

Sale$340,000,000

Borrower

Lender

Book Number

Recording Date

7/2/2018

Transaction Details

borrowed the property from through a transaction on 7/2/2018 for $340,000,000.

1/24/2014

Reo and trustee deeds$48,262,500

Borrower

Skyhouse River Oaks Llc

Lender

Jpmorgan Chase Bank Na

Book Number

20140032759

Recording Date

1/24/2014

Transaction Details

Skyhouse River Oaks Llc borrowed the property from Jpmorgan Chase Bank Na through a Reo and trustee deeds transaction on 1/24/2014 for $48,262,500.

8/6/2014

New construction residential transactions$9,975,000

Borrower

Westcreek Vp Lp

Lender

Green Bank Na

Book Number

Recording Date

8/6/2014

Transaction Details

Westcreek Vp Lp borrowed the property from Green Bank Na through a New construction residential transactions transaction on 8/6/2014 for $9,975,000.

Property constructed in 2014

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$14,970,800	$60,631,824	$75,602,624	$75,602,624	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2025	$14,970,800	$57,635,588	$72,606,388	$72,606,388	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2024	$14,970,800	$56,292,165	$71,262,965	$71,262,965	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2023	$14,970,800	$58,779,200	$73,750,000	$73,750,000	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	WESTCREEK APTS SUB	74,854	342,000
2022	$14,970,800	$54,779,200	$69,750,000	$69,750,000	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	WESTCREEK APTS SUB	74,854	342,000
2021	$14,970,800	$57,264,177	$72,234,977	$72,234,977	Shlp Skyhouse River ...	7601 E Technology Wa...	Res B3 Blk 2 Westcre...	5906.01	WESTCREEK APTS SUB	74,854	342,000
2020	$11,976,640	$57,523,360	$69,500,000	$69,500,000	Shlp Skyhouse River ...	8110 E Union Ave Ste...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2019	$11,976,640	$58,023,360	$70,000,000	$70,000,000	Shlp Skyhouse River ...	8110 E Union Ave Ste...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2018	$11,228,100	$56,771,900	$68,000,000	$68,000,000	Shlp Skyhouse River ...	8110 E Union Ave Ste...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000
2017	$11,228,100	$61,671,900	$72,900,000	$72,900,000	Skyhouse River Oaks ...	817 W Peachtree St S...	Res B3 Blk 2 Westcre...	5906.01	-	74,854	342,000

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Showing 1 to 10 of 12 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2031 Westcreek Ln 352, Houston, TX 77027	1349290020005	Apartments	Apartment High Rise (5+ stories)	Shlp Skyhouse River Oaks Llc	Harris	-	$ 13,266,750	2014-08-06	$ 38.79	2014	342,000	352
2300 Mccue Rd 299, Houston, TX 77056	1184790000001	Apartments	Apartment High Rise (5+ stories)	T C Montecito Llc	Harris	0.6	$ 43,890,000	2025-09-17	$ 137.56	1996	319,072	299
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	2.7	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
5740 San Felipe St 327, Houston, TX 77057	1184570010001	Apartments	Apartment High Rise (5+ stories)	Hsr Tanglewood Llc	Harris	1.5	$ 59,203,620	2024-12-20	$ 151.45	2012	390,921	327
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	4.0	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
8877 Frankway Dr 284, Houston, TX 77096	1300660010001	Apartments	Apartment High Rise (5+ stories)	29sc Highbank Owner Llc Etal	Harris	4.2	$ 48,316,300	2025-01-28	$ 180.13	2016	268,232	284
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	4.7	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	3.2	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352
9550 Meyer Forest Dr 296, Houston, TX 77096	1206950000001	Apartments	Apartment High Rise (5+ stories)	Meyer Park Lakeside Apartments Llc	Harris	4.7	$ 3,666,810	2025-10-15	$ 11.92	2001	307,655	296
2033 S Gessner Rd Ste376, Houston, TX 77063	1359990010001	Apartments	Apartment High Rise (5+ stories)	Mgi Gfp Woodlake Holdings Llc	Harris	5.0	$ 49,558,460	2025-04-14	$ 135.38	2014	366,062	376
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	2.1	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2031 Westcreek Ln 352, Houston, TX 77027	—	-	74,854	2014	342,000	$ 72,606,388	$ 14,970,800	-
Berkadia Commercial Mtg Llc	3411 Cummins St, Houston, TX 77027	09/15/2025	$ 8,969,000	80,620	1963	107,712	$ 12,824,987	$ 8,062,000	Va9 Greenway Court Llc
Bank Of The Orient	5400 Memorial Dr, Houston, TX 77007	08/14/2025	$ 9,220,000	88,142	1965	173,913	$ 14,073,794	$ 6,610,650	Fell In Love Llc
Keybank National Association	929 Westcott St, Houston, TX 77007	07/16/2025	$ 94,545,000	123,623	2019	432,689	$ 126,500,000	$ 6,304,773	Mpw Owner Lp
Stellar Bank	1616 Post Oak Blvd, Houston, TX 77056	06/03/2025	$ 1,500,000	66,381	2020	608,704	$ 182,222,151	$ 13,276,200	Culinary Khanceptsaspire Inc
Acre Credit Fund Ii Lndg Llc	1317 Post Oak Park Dr, Houston, TX 77027	05/29/2025	$ 50,000,000	145,926	2019	386,850	$ 83,984,674	$ 11,674,080	Houston Reverie Llc
Spt Real Estate Capital Llc	7655 Washington Ave, Houston, TX 77007	05/16/2025	$ 60,500,000	174,240	2019	324,709	$ 74,431,715	$ 4,356,000	-
Citibank Na	1120 Moy St, Houston, TX 77007	04/11/2025	$ 9,240,000	34,243	2021	150,400	$ 6,769,708	$ 2,739,440	Heritage Senior Residences Lp
Walker & Dunlop Llc	609 Waverly St, Houston, TX 77007	04/01/2025	$ 47,724,000	182,037	2019	241,675	-	-	Standard In The Heights Lp
Regions Bank	1111 W 6th St, Houston, TX 77007	01/30/2025	$ 39,805,000	156,032	2021	264,101	$ 68,122,140	$ 18,009,744	Fairfield Shepherd Partnership
Acre Credit Fund Ii Bs Llc	4139 Bellaire Blvd, Houston, TX 77025	01/27/2025	$ 31,000,000	183,928	2016	251,806	$ 62,364,384	$ 15,633,880	4139 Bellaire Houston Llc

Mean$ 82,517,308

Median$ 48,862,000.0

Loan Amount Range$ 1,000,000 - $ 500,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	IT SHLP	7132445011	SHIPPING AGENTS
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	HOME TURF HOUSTON	2818169598	TURF
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	SKYHOUSE RIVER OAKS	7132391436	APARTMENTS
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	SKYHOUSE RIVER OAKS	8327303914	REAL ESTATE
2031 WESTCREEK LN APT 1616, HOUSTON, TX 77027-3056	VGS GROUP	8886978938	NONCLASSIFIED ESTABLISHMENTS
2031 WESTCREEK LN APT 2214, HOUSTON, TX 77027-3066	SKYLAB STUDIOS HOUSTON	2816627718	NONCLASSIFIED ESTABLISHMENTS
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	RITCH EXOTIC RENTALS	8323308771	NONCLASSIFIED ESTABLISHMENTS
2031 WESTCREEK LN, HOUSTON, TX 77027-3010	IT SHLP	7132445011	UNCLASSIFIED ESTABLISHMENTS
2031 WESTCREEK LN STE 124, HOUSTON, TX 77027-3017	GLOW SPA NAILS	8327428655	HEALTH SPAS
2031 WESTCREEK LN APT 301, HOUSTON, TX 77027-3022	CHAKRA HEALING STUDIO	8329822521	NONCLASSIFIED ESTABLISHMENTS

Showing 1 to 10 of 10 entries

Tenant Industry Distribution

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License Details

License Number

32093454299

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/26/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	HAPPY BOUTIQUESS LLC
	Address Line	2031 westcreek ln apt 2001
	City / State / Zip	houston TX 77027
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48201
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77027
Registration Details	SOS Code	A

License Timeline

License Issued

1/26/2024

Currently Active

Status: -

Renewal Required

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