3131 Timmons Ln 449, Houston, TX 77027 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2015Total Assessed Value $94,636,920County Harris

Property Details

The Apartments property 3131 Timmons Ln 449, 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 $94,636,920.

The gross building area is 540,000 square feet and the land area is 282,456 square feet for this Apartment High Rise (5+ stories) built in 2015.

Legal description: Res A Blk 1 Greenway Gardens Apts 2Nd R/P

$94,636,920

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,592

Avg Rent

Property Image of 3131 Timmons Ln 449, Houston, TX 77027, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area540,000

Land Size282,456

Land Value$35,307,000

Improved Value$59,329,920

Total Assessed Value$94,636,920

Year Built2015

County NameHarris

Account Number1364370010001

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

FireplaceFireplace - Wood Burning

Parking Space348

HeatingForced air unit

PoolSwimming Pools

Roof TypeFlat

Type ConstructionFrame

No of Stories4

Garage TypeParking Garage

Total Rooms1

Bedrooms1

Bathrooms48

PatioAvailable

Wood DeckAvailable

Access Gates1

Business Center1

Walk-in Closets1

Steel Appliances1

10ft Ceilings1

Number of Units449

Exterior WallsBrick

Sales History

6/22/2023

Arms-lengthNot Disclosed

Buyer

Kenley Turville

Seller

Rublano Andrea Julleth

Book Number

2023.235426

Recording Date

6/22/2023

Transaction Details

Kenley Turville acquired the property from Rublano Andrea Julleth through a Arms-length transaction on 6/22/2023 for .

6/25/2018

Arms-lengthNot Disclosed

Buyer

Cws Capital

Seller

Cws Greenway Llc

Book Number

2018-281292

Recording Date

6/25/2018

Transaction Details

Cws Capital acquired the property from Cws Greenway Llc through a Arms-length transaction on 6/25/2018 for .

6/22/2018

Arms-lengthNot Disclosed

Buyer

Cig Marq 31 Spe Llc

Seller

Greenway Gardens Llc

Book Number

2018.281293

Recording Date

6/22/2018

Transaction Details

Cig Marq 31 Spe Llc acquired the property from Greenway Gardens Llc through a Arms-length transaction on 6/22/2018 for .

3/31/2014

Arms-length$15,156,300

Buyer

Greenway Gardens Llc

Seller

Thirty One Thirty One Timmons

Book Number

20140128760

Recording Date

3/31/2014

Transaction Details

Greenway Gardens Llc acquired the property from Thirty One Thirty One Timmons through a Arms-length transaction on 3/31/2014 for $15,156,300.

3/28/2014

Arms-length$15,156,300

Buyer

Cws Greenway Llc

Seller

Timmons Thirtyone Thirtyone

Book Number

20140128759

Recording Date

3/28/2014

Transaction Details

Cws Greenway Llc acquired the property from Timmons Thirtyone Thirtyone through a Arms-length transaction on 3/28/2014 for $15,156,300.

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

6/25/2018

Sale$68,477,000

Borrower

Lender

Book Number

Recording Date

6/25/2018

Transaction Details

borrowed the property from through a transaction on 6/25/2018 for $68,477,000.

1/30/2015

Arms length residential transactions purchase or resales$65,000,000

Borrower

Cws Greenway Llc

Lender

Cws Apartment Homes Llc

Book Number

2015.41191

Recording Date

1/30/2015

Transaction Details

Cws Greenway Llc borrowed the property from Cws Apartment Homes Llc through a Arms length residential transactions purchase or resales transaction on 1/30/2015 for $65,000,000.

3/19/2015

Reo and trustee deeds$64,080

Borrower

Cws Greenway Llc

Lender

Wells Fargo Bank

Book Number

2015.113408

Recording Date

3/19/2015

Transaction Details

Cws Greenway Llc borrowed the property from Wells Fargo Bank through a Reo and trustee deeds transaction on 3/19/2015 for $64,080.

Property constructed in 2015

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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	$35,307,000	$59,176,348	$94,483,348	$94,483,348	Cws Marq 31 Spe Llc	9606 N Mopac Expwy	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2025	$35,307,000	$59,329,920	$94,636,920	$94,636,920	Cws Marq 31 Spe Llc	9606 N Mopac Expwy	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2024	$35,307,000	$57,061,955	$92,368,955	$92,368,955	Cws Marq 31 Spe Llc	9606 N Mopac Expwy	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2023	$35,307,000	$72,534,270	$107,841,270	$107,841,270	Cws Marq 31 Spe Llc	9606 N Mopac Expwy	Res A Blk 1 Greenway...	5904.00	GREENWAY GARDENS APT...	282,456	540,000
2022	$28,245,600	$62,754,400	$91,000,000	$91,000,000	Cws Marq 31 Spe Llc	9606 N Mopac Expwy	Res A Blk 1 Greenway...	5904.00	GREENWAY GARDENS APT...	282,456	540,000
2021	$28,245,600	$61,754,400	$90,000,000	$90,000,000	Cws Marq 31 Spe Llc	14 Corporate Plaza S...	Res A Blk 1 Greenway...	5904.00	GREENWAY GARDENS APT...	282,456	540,000
2020	$28,245,600	$62,754,400	$91,000,000	$91,000,000	Cws Marq 31 Spe Llc	14 Corporate Plaza S...	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2019	$28,245,600	$54,254,400	$82,500,000	$82,500,000	Cws Marq 31 Spe Llc	14 Corporate Plaza S...	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2018	$24,008,760	$54,991,240	$79,000,000	$79,000,000	Cws Marq 31 Spe Llc	14 Corporate Plaza S...	Res A Blk 1 Greenway...	5904.00	-	282,456	540,000
2017	$24,008,760	$41,891,240	$65,900,000	$65,900,000	Cws Greenway Llc	3131 Timmons Ln Ste ...	Res A Blk 1 Greenway...	5904.00	-	282,456	777,850

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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 ↕
3131 Timmons Ln 449, Houston, TX 77027	1364370010001	Apartments	Apartment High Rise (5+ stories)	Cws Marq 31 Spe Llc	Harris	-	$ 15,156,300	2014-03-31	$ 28.07	2015	540,000	449
4899 Montrose Blvd Ste 187 Ste187, Houston, TX 77006	1215190010001	Apartments	Apartment High Rise (5+ stories)	Finger Fsc Montrose Ltd	Harris	2.8	$ 71,820,000	2025-07-05	$ 127.06	2002	565,246	187
7655 Washington Ave 356, Houston, TX 77007	1501110010001	Apartments	Apartment High Rise (5+ stories)	Pmp Investment Llc	Harris	3.0	$ 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	2.8	$ 59,203,620	2024-12-20	$ 151.45	2012	390,921	327
301 St Joseph Pky 379, Houston, TX 77002	1274570010001	Apartments	Apartment High Rise (5+ stories)	2009 Cpt Community Owner Llc	Harris	3.8	$ 107,198,000	2025-11-13	$ 290.50	2006	369,017	379
409 Travis St 274, Houston, TX 77002	1355320010001	Apartments	Apartment High Rise (5+ stories)	Hm Aris Llc Et Al	Harris	4.8	$ 77,492,450	2025-01-28	$ 215.23	2015	360,043	274
6301 Almeda Rd 320, Houston, TX 77021	1202420010001	Apartments	Apartment High Rise (5+ stories)	Maverick County Housing Finance Corp	Harris	3.8	$ 56,712,500	2024-12-18	$ 168.60	1999	336,382	320
3300 Main St 328, Houston, TX 77002	1373900010001	Apartments	Apartment High Rise (5+ stories)	3300 Main Project Owner Lp	Harris	3.5	$ 80,249,540	2024-09-19	$ 199.53	2018	402,195	328
3400 Montrose Blvd 327, Houston, TX 77006	1354850010001	Apartments	Apartment High Rise (5+ stories)	H & P Montrose Holdings Llc	Harris	2.7	$ 81,795,000	2024-08-19	$ 245.70	2015	332,908	327
2724 Kipling St 302, Houston, TX 77098	1332230010001	Apartments	Apartment High Rise (5+ stories)	2724 Kipling Owner Llc	Harris	0.9	$ 54,131,000	2024-07-30	$ 187.72	2012	288,358	302
1148 Silber Rd 352, Houston, TX 77055	1413370010001	Apartments	Apartment High Rise (5+ stories)	Brep Memorial Lp Etal	Harris	4.2	$ 61,180,000	2025-08-26	$ 209.31	2020	292,292	352

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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 ↕
—	3131 Timmons Ln 449, Houston, TX 77027	—	-	282,456	2015	540,000	$ 94,636,920	$ 35,307,000	-
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
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
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
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
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$ 64,839,369

Median$ 53,500,000.0

Loan Amount Range$ 235,600 - $ 500,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
3131 TIMMONS LN, HOUSTON, TX 77027-5933	MARQ 31	7132341114	APARTMENTS
3131 TIMMONS LN # 318, HOUSTON, TX 77027-5922	MARIA S LOWRY LAW OFFICE	7138508859	OFFICES OF LAWYERS
3131 TIMMONS LN, HOUSTON, TX 77027-5933	MARQ 31	7136229988	APARTMENT FINDING & RENTAL SERVICE
3131 TIMMONS LN, HOUSTON, TX 77027-5933	MULTI DATA SYSTEMS	7136263955	COLLECTION AGENCIES
3131 TIMMONS LN # 910, HOUSTON, TX 77027-5922	CHILDRENS INTERNATIONAL	7136215012	SOCIAL SERVICES NEC
3131 TIMMONS LN HOUSTON # 3312, HOUSTON, TX 77027	TEXAN TREE EXPERTS	7138352575	TREE TRIMMING
3131 TIMMONS LN, HOUSTON, TX 77027-5933	MARQ 31	7139609000	APARTMENTS

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Tenant Industry Distribution

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License Details

License Number

32093652934

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

2/7/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	THURSTON FINANCIAL SERVICES, L
	Address Line	3131 timmons ln apt 2305
	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

2/7/2024

Currently Active

Status: -

Renewal Required

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