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$175,000

NAL Estimated Property Value

12100 Melville Drive 506E, Montgomery, TX, 77356

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths662 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$120.54 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1979
Stories1
Roof Type127

Land Information

APN9455-96-07000
SubdivisionWalden Marine Vistas
Land UseResidential
Legal DescriptionS945596 - WALDEN MARINE VISTAS, BLDG F UNIT 628
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$132,104
Assessment Year2025

About this property

Welcome home to Walden on Lake Conroe! This gorgeous 1 Bedroom Condo is MOVE-IN-READY for you! Located perfectly at walking distance from the Lake and completely remodeled! From new floors, granite countertops, new modern cabinetry, unique backsplash, Glass Shower Barn Doors, beautiful ceiling fans and lighting to new carpet, new paint, new trim work and NEW APPLIANCES, including ALL-IN-ONE Washer & Dryer and a super useful POP-UP Power Tower in the Kitchen...WOW! Melville Dr is also the street to Walden's Lakeview Dining, Breakwater Grille and in the opposite direction, to the Marina and parks! Come Tour this beautiful Condo today!

Investor Tools

Property Icon
$175,000
Estimated Property Value
$130,695Estimated Mortgage Balance
$44,305Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
$209/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,887
$167,104
2025
$35,000
$132,104
$167,104
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,887
$167,104

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Visio Financial Services Inc
Unknown
$143,120
No
First
Oct 22, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,695
$44,305
25%
75%
$859/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.

Explore Texas Explore This Area
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 506E | Property Details | No Agent List