2770 Summer St 375, Houston, TX 77007 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2019Total Assessed Value $101,520,486County Harris

Property Details

The Apartments property 2770 Summer St 375, Houston, TX 77007 is located in Harris County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $101,520,486.

The gross building area is 363,370 square feet and the land area is 207,999 square feet for this Apartment High Rise (5+ stories) built in 2019.

Legal description: Residential Unit ( Unit I ) .9550 Int Common Land & Ele Lower Heights Master Condo

$101,520,486

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,435

Avg Rent

Property Image of 2770 Summer St 375, Houston, TX 77007, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area363,370

Land Size207,999

Land Value$15,599,925

Improved Value$85,920,561

Total Assessed Value$101,520,486

Year Built2019

County NameHarris

Account Number1440390000001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingNone

Type ConstructionBrick

Basement3

Bathrooms18

PatioAvailable

Access Gates1

Business Center1

Number of Units375

Exterior WallsRock, stone

Sales History

11/1/2021

Other$110,000,000

Buyer

Seller

Book Number

Recording Date

11/1/2021

Transaction Details

acquired the property from through a Other transaction on 11/1/2021 for $110,000,000.

9/28/2021

Arms-length$110,000,000

Buyer

Heights Houston Owner Llc

Seller

Drimaple Lower Heights L L C

Book Number

Recording Date

9/28/2021

Transaction Details

Heights Houston Owner Llc acquired the property from Drimaple Lower Heights L L C through a Arms-length transaction on 9/28/2021 for $110,000,000.

Property constructed in 2019

YSale Price (USD) byXSales Year

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Mortgage History

9/29/2021

Sale$82,500,000

Borrower

Heights Owner Llc

Lender

Pcred Strategies Llc

Book Number

RP-2021-560431

Recording Date

9/29/2021

Transaction Details

Heights Owner Llc borrowed the property from Pcred Strategies Llc through a transaction on 9/29/2021 for $82,500,000.

Property constructed in 2019

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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) ↕
2025	$15,599,925	$85,920,561	$101,520,486	$101,520,486	Heights Houston Owne...	2603 Augusta Dr Ste ...	Residential Unit ( U...	5924.00	-	207,999	363,370
2024	$15,599,925	$82,871,550	$98,471,475	$98,471,475	Heights Houston Owne...	2603 Augusta Dr Ste ...	Residential Unit ( U...	5924.00	-	207,999	363,370
2023	$15,599,925	$106,076,930	$121,676,855	$121,676,855	Heights Houston Owne...	2603 Augusta Dr Ste ...	Residential Unit ( U...	5924.00	-	207,999	363,370
2022	$15,599,925	$76,775,075	$92,375,000	$92,375,000	Heights Houston Owne...	2603 Augusta Dr Ste ...	Residential Unit ( U...	5924.00	-	207,999	363,370
2021	$10,815,948	$44,534,052	$55,350,000	$55,350,000	Heights Houston Owne...	2603 Augusta Dr Ste ...	Residential Unit ( U...	5924.00	-	207,999	363,370

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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 ↕
2770 Summer St 375, Houston, TX 77007	1440390000001	Apartments	Apartment High Rise (5+ stories)	Heights Houston Owner Llc	Harris	-	$ 110,000,000	2021-11-01	$ 302.72	2019	363,370	375
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	1.5	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	2.8	$ 75,625,000	2025-05-16	$ 232.90	2019	324,709	356
409 Travis St 274, Houston, TX 77002	1355320010001	Apartments	Apartment High Rise (5+ stories)	Hm Aris Llc Et Al	Harris	1.7	$ 77,492,450	2025-01-28	$ 215.23	2015	360,043	274
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	3.0	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	4.9	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352
6301 Almeda Rd 320, Houston, TX 77021	1202420010001	Apartments	Apartment High Rise (5+ stories)	Maverick County Housing Finance Corp	Harris	4.5	$ 56,712,500	2024-12-18	$ 168.60	1999	336,382	320
641 W Crosstimbers St 327, Houston, TX 77018	1449360010001	Apartments	Apartment High Rise (5+ stories)	Garden Oaks Apartments Llc	Harris	3.9	$ 66,367,000	2025-11-19	$ 211.71	2022	313,481	327
3300 Main St 328, Houston, TX 77002	1373900010001	Apartments	Apartment High Rise (5+ stories)	3300 Main Project Owner Lp	Harris	2.3	$ 80,249,540	2024-09-19	$ 199.53	2018	402,195	328
3030 Summer St 375, Houston, TX 77007	1386910010002	Apartments	Apartment High Rise (5+ stories)	Brep Summer Llc	Harris	0.3	$ 59,260,810	2024-09-27	$ 182.93	2018	323,947	375
3400 Montrose Blvd 327, Houston, TX 77006	1354850010001	Apartments	Apartment High Rise (5+ stories)	H & P Montrose Holdings Llc	Harris	2.2	$ 81,795,000	2024-08-19	$ 245.70	2015	332,908	327

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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 ↕
—	2770 Summer St 375, Houston, TX 77007	—	-	207,999	2019	363,370	$ 101,520,486	$ 15,599,925	-
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
Acre Credit Fund Ii Gs Ii Llc	92 Jensen Rd, Houston, TX 77020	08/14/2025	$ 58,000,000	211,222	2022	437,515	$ 83,553,338	$ 2,112,220	East River Residential One Llc
Regions Bank	3275 Summer St, Houston, TX 77007	08/06/2025	$ 29,092,000	101,743	2020	161,461	-	-	Dtc Ss Coop 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
Fbred Bdc Finance Llc	2221 W Dallas St, Houston, TX 77019	06/27/2025	$ 58,500,000	249,947	2008	415,827	$ 87,609,142	$ 23,744,965	Us Living Montrose Llc
Plainscapital Bank	609 Oxford St, Houston, TX 77007	06/13/2025	$ 596,679	16,500	1940	6,020	$ 1,520,000	$ 1,320,000	609 Oxford Street Apartments L
Truist Bank	3003 Memorial Ct 380, Houston, TX 77007	06/10/2025	$ 57,000,000	435,600	2000	466,392	$ 85,294,052	$ 37,026,000	Cb Marcella Memorial Heights L
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

Mean$ 56,526,695

Median$ 49,237,000.0

Loan Amount Range$ 183,820 - $ 500,000,000

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Tenant Details

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License Details

License Number

32093228644

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/12/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	LIQUID HOMES, LLC
	Address Line	2770 summer st apt 359
	City / State / Zip	houston TX 77007
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	77007
Registration Details	SOS Code	A

License Timeline

License Issued

1/12/2024

Currently Active

Status: -

Renewal Required

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