Five-year reserve planning My HOA Budget

Houston, Texas condo association

Unclaimed profile

The Parklane

The Parklane is a condo association in Houston, Texas. This profile tracks monthly dues $600–$1,700/mo, 209 units, built in 1983, reserve study status not yet verified, along with amenities, reserve questions, and doc...

condo Public records Reserve health: Unknown Browse Houston communities Texas reserve laws

Profile 56% complete — source gaps remain

HOA dues, reserve study, and community facts

Units 209
Year built 1983
Monthly dues $600–$1,700/mo
Reserve health Unknown
Active listings 6
Median sale price $519K

Amenities

PoolGymTennisSaunaConciergeElevatorParking garageBusiness centerEV chargingStorage

Board and management

No board roster is listed in the cited sources.

Reserve study and funding

We do not have reserve study details on record for The Parklane. Review the editable example below before treating any forecast as community-specific.

Review editable example

5-year outlook

What changes this five-year example?

Special assessments can run into thousands per unit when major work outruns reserves. This starts with the known numeric values listed below, then lets you change every example before relying on the result for The Parklane.

Reserve-health labels, year built, and Texas law summaries are not used to change the solver numbers.

Editable assessment example Adjustable dues increases Five-year reserve projection
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Known values applied: unitCount -> unit count; duesRange lower bound -> annual dues revenue.

Editable examples, not community facts: starting reserve: editable example scaled from unit count at $15k/unit; annual operating expense: editable example scaled from annual revenue at 84%.

Local calculator

Five-year reserve projection from reviewed numbers

Start with the example, enter figures by hand, or review local files before applying values. Nothing here is uploaded or saved by MHB. This example is not a reserve study, a funding-sufficiency conclusion, or an assessment prediction.

5-year ending reserve$3.25MAbove example target

Use your figures

Review documents or enter the same values by hand.

Files are read only in this browser, are not uploaded, and are not stored by MHB.

Scenario figures can be entered manually or read from local files.

Budget

Dues revenue, operating expense, and unit count.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Reserve study

Starting reserve balance and scheduled capital work.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Assessment history

Assessment amount and projected year.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Enter figures manually

These whole-number fields match the document review fields. Changing them recomputes the projection immediately.

$0EXAMPLE TARGET - $1.0M202620272028202920302031$3.2M
Projection text equivalent
YearReserve balance
2026$3.13M
2027$3.25M
2028$3.24M
2029$2.96M
2030$3.01M
2031$3.25M
5%
4%

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Copy and CSV exports use reviewed numbers and caveats. The share link keeps only numeric controls.

Current ending balance$3.25M
Current lowest balance$2.96M2029
Ending deltaSave baseline

Save the current case before changing controls to compare ending balance, lowest balance, and yearly deltas.

Fields: manual entry fields; ending delta: 0; lowest delta: 0

Save a baseline before exact totals can be included. Until then, the handoff contains only field names and zero comparison bands for the current scenario.

Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About The Parklane

The Parklane is a 35-story luxury condominium tower located at 1701 Hermann Drive in Houston’s Museum District, overlooking Hermann Park. Originally completed in 1983, the building has undergone significant renovation and modernization. It contains 209 units ranging from one- to four-bedroom residences, many with private balconies and unobstructed park views. The building stands 390 feet tall and was originally developed by TEMA Development.

What we know

  • Units: 209
  • Year built: 1983
  • Floors: 35 stories (390 ft)
  • Monthly HOA dues: $600–$1,700/mo ($0.91/sq ft)
  • HOA covers: Common area insurance, cable TV, gas, ground maintenance, structural maintenance, recreation facilities, sewer, trash, valet, water
  • Amenities: 24/7 concierge and security, valet parking, outdoor swimming pool with cabanas, tennis court, fitness center, business lounge and coffee bar, sauna, storage units, EV charging, free shuttle to MetroRail and Texas Medical Center
  • Active listings: 6 units for sale ($330K–$1.9M)
  • Median sale price: ~$519K
  • Developer: TEMA Development Inc.
  • Pet policy: Cats and dogs allowed, no weight limit
  • Interior packages: Four distinct design styles available (Eggersmann cabinetry, Bosch/Thermador appliances)

Reserve health

Reserve health hasn’t been verified for The Parklane yet. Before you approve a budget, pay a special assessment, or close on a unit here, Texas law defines exactly what reserve records a condo must keep and what owners can request — see Texas condo reserve funding rules.

Prospective buyers should request the most recent reserve study and disclosure documents from the HOA.

What’s still missing

  • Reserve study date and balance
  • Board roster
  • Special assessment history
  • Community photos

Verification note

This profile is based on the sources named in its profile footer. It has not been board-verified; confirm material facts directly with the association.

Texas laws that apply here

Reserve funding

Texas HOA reserve funding rules, in plain language

Why Texas Property Code Chapter 209 is silent on HOA reserves — meaning the operative reserve obligation lives entirely in the dedicatory instruments, not in state statute — and what that document-driven regime means for a board, owner, or buyer.

Tex. Prop. Code ch. 209 — Texas Residential Property Owners Protection Act

Profile verification status

This profile has not been claimed or verified by the board or property manager. Treat missing details as unknown, and confirm important facts directly with the association before relying on them.

Next step

Need documents from The Parklane?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents