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$276,000

NAL Estimated Property Value

1001 Krenek Tap Rd Apt 2203, College Station, TX, 77840

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,590 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$175.47 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size3,515 sqft

Building Information

Year Built2006
Stories2

Land Information

APN642700-0422-2203
SubdivisionWaterwood Townhome Condos Ph 4
Land UseResidential
Legal DescriptionWATERWOOD TOWNHOME CONDOS PH 4, BLDG 22, UNIT 2203
Census Tract001702
Assessed Land Value$29,500
Assessed Improvement Value$228,324
Assessment Year2025

About this property

Discover the epitome of convenience and comfort in this modern, 4-bedroom, 4-bathroom condo in the highly desired Waterwood community, perfect for students seeking a blend of privacy and community living. Each spacious bedroom boasts its own bathroom, providing the luxury of personal space that's hard to come by. The heart of the home features a kitchen with lots of countertop space, ideal for culinary adventures or a quick snack between study sessions. Enjoy the peace of mind that comes with residing in a secure, gated complex, while a sparkling swimming pool and sports court await for leisure and recreation. Situated across from a fantastic public park, residents have immediate access to tennis courts and a paved walking trail for a healthy lifestyle. Proximity to a bus stop just a couple of blocks away ensures that commutes to campus are a breeze. Plus, with four dedicated parking spaces, there’s ample room for resident vehicles or visiting friends. This condo isn't just a home; it's a smart investment. The combination of an easy living lifestyle, generous room sizes, and individual bathrooms make it highly appealing in the student housing market. Whether you’re seeking a new home or an investment opportunity, this property promises comfort, convenience, and the potential for lasting value.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$224,281Estimated Mortgage Balance
$51,719Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
$230/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,982
$257,824
2025
$29,500
$228,324
$257,824
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,982
$257,824

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$228,650
No
First
Apr 1, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,281
$51,719
18%
81%
$1,371/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,600/mo
$1,601/mo
$-1/mo
7.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: College Station

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1001 Krenek Tap Rd Apt 2203 | Property Details | No Agent List