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Owner Contacts

$600,000

NAL Estimated Property Value

120 Waterstone Dr, Montgomery, TX, 77356

Off Market

4 Beds

4 Bath

3,425 Sq Ft

$167.88 / sqft

Built in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator

FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony

Lot Size20,498 sqft

Building Information

Year Built2009

Stories2

Roof Type105

Garage Spaces2

Land Information

APN9486-00-02400

Lot Number4

SubdivisionWaterstone On Lake Conroe 01

Land UseResidential

Legal DescriptionS948600 - WATERSTONE ON LAKE CONROE 01, BLOCK 3, LOT 4

Census Tract694303

Assessed Land Value$87,117

Assessed Improvement Value$390,893

Assessment Year2025

About this property

PRIME LOCATION, NEW KITCHEN, COMPLETELY REMODELED, MOVE IN READY! Welcome to a meticulously designed residence nestled in the gated community of Waterstone. Upon entering, you're greeted by a grand foyer & soaring ceilings setting the tone for luxurious interiors within. The spacious layout seamlessly integrates functional living spaces, ideal for both entertaining & relaxation. NEW quartz counters, undermount sink, backsplash & faucet surround the chef! The living room exudes warmth & charm, perfect for gathering with loved ones. Retreat to the lavish master suite, boasting a spa-like ensuite bathroom completely remodeled 2024! Appreciate 1st & 2nd level laundry rooms! Work from home in your 1st level office or enjoy the view & office up. Find 3 bedrooms w/ ensuites, two flex rooms & a balcony on the 2nd level. Enjoy comm walking trails, pavilion, tennis & basketball courts. Min to Lake Conroe. Highly acclaimed MISD! 2021 Roof, ALL new paint & floors!

Investor Tools

$600,000

Estimated Property Value

$0Estimated Mortgage Balance

$210,002Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,600 /month

Positive

Cash Flow Estimate:

$1,200 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$923/month

$950/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,080

$478,010

2025

$87,117

$390,893

$478,010

Tax History

Year

Tax Paid

Assessed Value

2024

$8,080

$478,010

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$612,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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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