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$273,000

NAL Estimated Property Value

12500 Melville Drive 201A, Montgomery, TX, 77356

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,031 Sq Ft
price_per_sqft$176.53 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built1977
Stories2
Roof Type127

Land Information

APN9455-97-02100
SubdivisionWalden Harbour Vill Condos
Land UseResidential
Legal DescriptionS945597 - WALDEN HARBOUR VILL CONDOS, BLDG A UNIT 301
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$170,513
Assessment Year2025

About this property

Waterfront condo with FANTASTIC views of Lake Conroe. Amazing 2 bedroom condo that has been completely remodeled with unmatched detail and premium finishes throughout. Features include new custom, solid-wood hickory cabinets with premium granite countertops in the kitchen, master bath, & guest bath. The kitchen offers an overflow pantry area with a sliding barn door, stainless steel appliances, large eat-in bar, & breakfast nook. New flooring throughout, including hand-scraped wood flooring in common areas, crown molding, & oversized baseboards, as well as new paint and new light fixtures. Unlike most other units, this home is also uniquely equipped with a washer & dryer area tucked away in the guest bathroom. Natural light pours in through the floor-to-ceiling windows in the living area. The complex has a large community pool and also enjoy Walden's amenities within walking distance. Walden includes private boat ramps, fitness center, racquet club, pools, dining facilities, & MORE!!

Investor Tools

Property Icon
$273,000
Estimated Property Value
$51,070Estimated Mortgage Balance
$221,930Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$187/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$875
$188,034
2025
$35,000
$170,513
$205,513
No

Tax History

Year
Tax Paid
Assessed Value
2024
$875
$188,034

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Monaz Investments Llc
Seller Carryback / Seller Financing / Seller Take-Back
$65,000
No
First
Apr 4, 2016
Apr 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$51,070
$221,930
81%
19%
$390/mo

City: Montgomery

12500 Melville Drive 201A | Property Details | No Agent List