707 Marston Dr, Houston, TX 77019 – Apartment New Construction (LUC Only)

ApartmentsYear Built 2023Total Assessed Value $73,288,305County Harris

Property Details

The Apartments property 707 Marston Dr, Houston, TX 77019 is located in Harris County. The specific property type is Apartment New Construction (LUC Only). The total assessed value of this property is $73,288,305.

The gross building area is 451,366 square feet and the land area is 38,289 square feet for this Apartment New Construction (LUC Only) built in 2023.

Legal description: Res A Blk 1 Buffalo Bayou Park Sec 5

$73,288,305

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 707 Marston Dr, Houston, TX 77019, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment New Construction (LUC Only)

Building Area451,366

Land Size38,289

Land Value$7,657,800

Improved Value$65,630,505

Total Assessed Value$73,288,305

Year Built2023

County NameHarris

Account Number1455620010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space1737

HeatingForced air unit

Type ConstructionSteel

Garage TypeMixed 555119

Elevator

Exterior WallsGlass

Sales History

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Mortgage History

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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	$7,657,800	$180,235,644	$187,893,444	$187,893,444	Bb Parcel B North Ow...	1780 S Post Oak Ln	Res A Blk 1 Buffalo ...	5904.07	-	38,289	451,366
2025	$7,657,800	$65,630,505	$73,288,305	$73,288,305	Bb Parcel B North Ow...	1780 S Post Oak Ln	Res A Blk 1 Buffalo ...	5904.07	-	38,289	451,366
2024	$3,828,900	$16,751,580	$20,580,480	$20,580,480	Bb Parcel B North Ow...	1780 S Post Oak Ln	Res A Blk 1 Buffalo ...	5904.07	-	38,289	451,366
2023	$3,828,900	-	$3,828,900	$3,828,900	Bb Parcel B North Ow...	1780 S Post Oak Ln	Res A Blk 1 Buffalo ...	5904.07	MARSTON PLACE RESERV...	38,289	451,366

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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 ↕
707 Marston Dr, Houston, TX 77019	1455620010001	Apartments	Apartment New Construction (LUC Only)	Bb Parcel B North Owner Llc Co Hanover Rs Limited Partnership	Harris	-	-	-	-	2023	451,366	-
2311 Westheimer Rd, Houston, TX 77098	1501760010001	Apartments	Apartment New Construction (LUC Only)	Legarett H Bethea Combined Trust Et Al Legacy Trust Company	Harris	1.3	$ 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	2.4	$ 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	3.4	$ 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	857.0	$ 74,970,000	2024-05-22	$ 243.76	2023	307,553	-

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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 ↕
—	707 Marston Dr, Houston, TX 77019	—	-	38,289	2023	451,366	$ 73,288,305	$ 7,657,800	-
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
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
Raven Assetbased Cr Fund I Lp	5501 La Branch St, Houston, TX 77004	09/06/2024	$ 27,946,941	31,250	2022	473,040	$ 58,867,512	$ 6,250,000	Xsc Houston Investment Llc

Mean$ 15,717,095

Median$ 1,603,125.0

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

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Tenant Details

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License Details

License Number

32087216688

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

7/5/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	BB PARCEL B TWO JV LLC
	Address Line	1780 s post oak ln
	City / State / Zip	houston TX 77056
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	77056
Registration Details	SOS Code

License Timeline

License Issued

7/5/2023

Currently Active

Status: -

Renewal Required

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