Updated Dec 21, 2023
Martha Turner Sotheby's Sells Single-Family Home On Institute Lane In Houston
5322 Institute Ln, Houston, TX 77005, USA
Building Size
65,560 SF
Asset Type
Single Family Residence
Closing
Jul 23, 2020
About this deal
AI
The recently closed property transaction in Houston involved a single-family home located at 5322 Institute Lane. With a spacious area of 6,556 square feet, this property offers ample living space for its new owners. The transaction took place on July 24, 2020, making it a recent addition to the real estate market in Houston.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: Not specified
- Address: 5322 Institute Lane
- Market: Houston
The seller was represented by Marty Warren from Martha Turner Sotheby's, a reputable real estate agency known for their expertise in the Houston market. On the other hand, Ellen Jester of JPAR @The.Sears.Group facilitated the transaction as the buyer’s representative. These experienced professionals played a crucial role in ensuring a smooth and successful closing.
Players
Houston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93