2311 Westheimer Rd, Houston, TX 77098 – Apartment New Construction (LUC Only)

ApartmentsYear Built 2023Total Assessed Value $75,480,962County Harris

Property Details

The Apartments property 2311 Westheimer Rd, Houston, TX 77098 is located in Harris County. The specific property type is Apartment New Construction (LUC Only). The total assessed value of this property is $75,480,962.

The gross building area is 337,734 square feet and the land area is 76,391 square feet for this Apartment New Construction (LUC Only) built in 2023.

Legal description: Res A Blk 1 Stanmore River Oaks

$75,480,962

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 2311 Westheimer Rd, Houston, TX 77098, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment New Construction (LUC Only)

Building Area337,734

Land Size76,391

Land Value$7,639,100

Improved Value$67,841,862

Total Assessed Value$75,480,962

Year Built2023

County NameHarris

Account Number1501760010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space709

HeatingForced air unit

Type ConstructionConcrete

No of Stories1

Garage TypeParking structure 226496

Elevator

Exterior WallsGlass

Sales History

1/31/2023

Other$101,151,577

Buyer

2311 Westheimer Houston Llc

Seller

Stanmore Avalon Ltd

Book Number

2023.35250

Recording Date

1/31/2023

Transaction Details

2311 Westheimer Houston Llc acquired the property from Stanmore Avalon Ltd through a Other transaction on 1/31/2023 for $101,151,577.

Property constructed in 2023

YSale Price (USD) byXSales Year

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Mortgage History

1/31/2023

Arms length residential transactions purchase or resales$76,053,818

Borrower

2311 Westheimer Houston Llc

Lender

Sumitomo Mitsui Trust Bank

Book Number

2023.35251

Recording Date

1/31/2023

Transaction Details

2311 Westheimer Houston Llc borrowed the property from Sumitomo Mitsui Trust Bank through a Arms length residential transactions purchase or resales transaction on 1/31/2023 for $76,053,818.

Property constructed in 2023

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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	$7,639,100	$130,824,230	$138,463,330	$138,463,330	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	-	76,391	337,734
2025	$7,639,100	$67,841,862	$75,480,962	$75,480,962	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	-	76,391	337,734
2024	$7,639,100	$38,746,970	$46,386,070	$46,386,070	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	-	76,391	337,734
2023	$7,639,100	$338,646	$7,977,746	$7,977,746	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	DICKEYS WEST PARK	76,391	30,260
2022	$7,639,100	$338,646	$7,977,746	$7,977,746	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	DICKEYS WEST PARK	76,391	30,260
2021	$7,639,100	$284,741	$7,923,841	$7,923,841	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	DICKEYS WEST PARK	76,391	30,260
2020	$7,639,100	$284,741	$7,923,841	$7,923,841	Legarett H Bethea Co...	1801 Smith St	Res A Blk 1 Stanmore...	5904.01	-	76,391	30,260

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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 ↕
2311 Westheimer Rd, Houston, TX 77098	1501760010001	Apartments	Apartment New Construction (LUC Only)	Legarett H Bethea Combined Trust Et Al Legacy Trust Company	Harris	-	$ 101,151,577	2023-01-31	$ 299.50	2023	337,734	-
1717 Bissonnet St 134, Houston, TX 77005	1298420010001	Apartments	Apartment New Construction (LUC Only)	1717 Bissonnet Propco Llc	Harris	1.4	$ 152,019,000	2023-04-25	$ 293.73	2023	517,548	134
1111 W 23rd St, Houston, TX 77008	1502430010001	Apartments	Apartment New Construction (LUC Only)	Wolverton Pdg Heights Llc	Harris	4.5	$ 56,139,300	2022-08-23	$ 238.35	2023	235,535	-
2905 Railside Loop, Sanford, FL 32771	27-19-30-508-0000-0010	Apartments	Apartment New Construction (LUC Only)	Railside Loop Owner Llc	Seminole	857.6	$ 74,970,000	2024-05-22	$ 243.76	2023	307,553	-

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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 ↕
—	2311 Westheimer Rd, Houston, TX 77098	—	-	76,391	2023	337,734	$ 75,480,962	$ 7,639,100	-
Bank Of America Na	2323 San Felipe St, Houston, TX 77019	09/09/2025	$ 925,000	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Onix Finance Llc	2240 Mimosa St, Houston, TX 77019	08/01/2025	$ 2,267,000	12,502	2024	57,960	$ 4,942,317	$ 1,187,690	Mimosa Terrace Llc
Texas Tech Fcu	2323 San Felipe St, Houston, TX 77019	07/22/2025	$ 1,200,000	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Prosperity Bank	2327 Richton St, Houston, TX 77098	07/10/2025	$ 1,385,608	5,238	1953	3,472	$ 658,297	$ 497,610	2327 Richton Llc
Rocket Mortgage Llc	2323 San Felipe St, Houston, TX 77019	01/15/2025	$ 806,470	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Morgan Stanley Pvt Bank Na	2323 San Felipe St, Houston, TX 77019	12/30/2024	$ 1,612,500	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Guaranteed Rate Affinity Llc	2323 San Felipe St, Houston, TX 77019	12/27/2024	$ 700,000	14,715	2023	90,640	$ 22,512,122	$ 2,943,000	Cobalt Revocable Trust
Morgan Stanley Pvt Bank Na	2323 San Felipe St, Houston, TX 77019	12/23/2024	$ 1,593,750	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Bank Of America Na	2323 San Felipe St, Houston, TX 77019	12/19/2024	$ 1,960,000	14,715	2023	90,640	$ 22,512,122	$ 2,943,000
Project X Llc	5501 La Branch St, Houston, TX 77004	11/08/2024	$ 172,000,000	31,250	2022	473,040	$ 58,867,512	$ 6,250,000	Xsc Houston Investment Llc

Mean$ 9,039,619

Median$ 1,467,179.0

Loan Amount Range$ 450,000 - $ 172,000,000

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License Details

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