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$273,000

NAL Estimated Property Value

12500 Melville Drive 226C, Montgomery, TX, 77356

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths952 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$220.59 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Dishwasher
FlooringTile

Exterior

Exterior FeaturesBalcony, Courtyard

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

Are you looking for a turn-key short-term rental investment? This is THE ONE for you!! A well-maintained, 2 bed, 2 bath condo with fabulous views overlooking the courtyard garden, brook, pool and path leading to the lake. Lush trees line the courtyard and shoreline guaranteeing fantastic views from the balcony. Easy upkeep is assured with all tile floors and updated granite countertops in the kitchen. A fabulous vacation spot, the complex has many amenities including waterfront pathways, grilling area, private pool, central laundry. Condo association covers: water, trash, sewer, & exterior maintenance. Not to mention, Walden's amenities too: fitness center, tennis/racquet club, hike & bike trails, pools, children's park & soccer fields, dog park, boat launch & fishing piers. It is a perfect investment opportunity for investors - new or experienced! Owner is willing to sell it furnished with everything pictured and stocked for business. Don't wait. Book your showing today!

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
$289/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

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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12500 Melville Drive 226C | Property Details | No Agent List