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$156,000

NAL Estimated Property Value

12100 Melville Drive 207B, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths964 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$145.23 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Dryer, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Refrigerator
FlooringTile

Building Information

Year Built1979
Stories1
Roof Type127

Land Information

APN9455-96-05100
SubdivisionWalden Marine Vistas
Land UseResidential
Legal DescriptionS945596 - WALDEN MARINE VISTAS, BLDG F UNIT 609
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$116,500
Assessment Year2025

About this property

Charming 2 bedroom/2 bath GROUND FLOOR condo in park-like setting on Lake Conroe! Marina Vista has bulkhead access to the lake and temporary tie-ups, right next to the Walden Marina (where you can rent a slip for your watercraft). The Walden Yacht Club and Breakwater Grill, Walden pool, playground, dog park, fitness & tennis center and trailheads are within a few blocks from this unit. Short term rentals are permitted. Stack washer/dryer and refrigerator are included. Very clean and move-in ready!

Investor Tools

Property Icon
$156,000
Estimated Property Value
$114,057Estimated Mortgage Balance
$41,943Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$252/month
$284/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,243
$151,500
2025
$35,000
$116,500
$151,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,243
$151,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$117,000
No
First
Dec 31, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,057
$41,943
26%
73%
$702/mo

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: Montgomery

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12100 Melville Drive 207B | Property Details | No Agent List