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$238,000

NAL Estimated Property Value

1111 Bering Dr Unit 305, Houston, TX, 77057

$245,693 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,443 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$162.86 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesStorage, Tennis Court(s), Balcony

Building Information

Year Built1981
Stories1

Land Information

APN1151220030005
SubdivisionThe St Clair Condo
Land UseResidential
Legal DescriptionUNIT A305 FLOOR 3 .011442 INT COMMON LAND & ELE THE ST CLAIR CONDO 5TH AMEND
Census Tract431506
Assessed Land Value$49,253
Assessed Improvement Value$180,747
Assessment Year2025

About this property

Discover an affordable high-rise condo located in the desirable Galleria area on Bering Dr. This exceptional property offers a range of amenities, including security, two covered parking spaces, an outdoor pool, tennis courts, a well-equipped exercise room, and a dedicated space for business or private gatherings. Additional features include extra storage space, a balcony with stunning views in three directions, and on-site management. The building’s exterior and interior have been upgraded, ensuring a modern and appealing facade. This unit has been meticulously maintained. It features beautiful wooden floors throughout, granite countertops, stainless steel appliances, and washer and dryer. Nestled in the tranquil Tanglewood neighborhood, this condo is just a five-minute drive from the renowned Galleria district, providing easy access to premier shopping, dining, and entertainment.

Investor Tools

Property Icon
$238,000
Estimated Property Value
$127,104Estimated Mortgage Balance
$110,896Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$245,692
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,428 /month
Positive
Cash Flow Estimate:
$476 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
$1,400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,101
$230,000
2025
$49,253
$180,747
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,101
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Houston Texas Fire Fighters Fcu
Conventional
$131,000
No
First
Sep 16, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,104
$117,896
48%
53%
$786/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,186/mo
$-646/mo
7.8%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1111 Bering Dr Unit 305 | Property Details | No Agent List