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$189,000

1198 Jones Butler Rd Apt 709, College Station, TX, 77840

PendingInfo
Beds1 Beds
Baths1 Bath
Baths592 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$319.26 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater, Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Sprinkler Irrigation
Lot Size2,888 sqft

Building Information

Year Built2012
Stories1
Roof Type105

Land Information

APN378680-2107-0709
SubdivisionLakeridge Townhomes Condos Ph 2a
Land UseResidential
Legal DescriptionLAKERIDGE TOWNHOMES CONDOS PH 2A, BLDG 7, UNIT 709 BLDG 7, UNIT 709
Census Tract002024
Assessed Land Value$43,000
Assessed Improvement Value$136,670
Assessment Year2025

About this property

Well-maintained 1 bed, 1 bath first-floor condo in the gated Lakeridge Townhomes & Condos, less than 2 miles from Texas A&M University. Updated and move-in ready with granite countertops, vinyl flooring in main areas, carpet in bedroom, open kitchen with eating bar, and a large walk-in closet. This unit has a fabulous location & backs up to the pool & community center and it has a larger fenced back patio with pool views. Located on the TAMU bus route and biking distance to campus. Convenient assigned parking space. Community amenities include resort-style pool, movie theater room, clubhouse, study areas, business center, fitness center, and basketball court. HOA includes internet, water, and trash. Refrigerator, washer, and dryer convey. The complex is near the Jones Crossing shopping center that features H-E-B, Chick-Fil-A, MOD Pizza, Jersey Mikes, Crumbl and more. Don't delay, go see it today. This one's going to go fast!

Investor Tools

$89,426Estimated Mortgage Balance
$101,574Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
$169/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,620
$152,108
2025
$43,000
$136,670
$179,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,620
$152,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$101,700
No
First
Mar 25, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$89,426
$101,574
53%
47%
$610/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$920/mo
$779/mo
+$141/mo
5.8%

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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