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$273,000

NAL Estimated Property Value

12500 Melville Drive 238D, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths692 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$129.99 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Dishwasher, Disposal, Electric Range, Electric Oven
FlooringLaminate

Exterior

Exterior FeaturesBalcony

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

Million dollar view for under $90K??!! This is IT! Vacation atmosphere year round, overnight boat parking, and the view....you never know how many friends you have until you have a LAKEFRONT condo! Enjoy beautiful sunrises or evening cocktails on your private balconly overlooking the Walden Yacht Club and Marina. Fantastic upgrades including granite, carefree laminate flooring, lovely neutral gray paint throughout. New electric box, newer a/c, LED recessed lighting. Cool off in the community pool or enjoy the babbling brook that runs through the property. This complex allows short term (VRBO or AirBnB) rentals, make it pay for itself! As a Walden property owner, you have yacht club pool, tennis court, boat launch, and workout facility privileges. These units sell quickly, schedule your appointment 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
$217/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 238D | Property Details | No Agent List