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$139,900

$149,900

12565 Melville Drive 224, Montgomery, TX, 77356

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,147 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$121.97 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built2000
Stories1
Roof Type105

Land Information

APN6464-00-01900
SubdivisionLa Posada At Walden Condominiums
Land UseResidential
Legal DescriptionLA POSADA AT WALDEN CONDOMINIUMS, UNIT 224
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$126,067
Assessment Year2025

About this property

Updated 2 bedroom and 2 bath condo in the Walden community. The condo is a short distance from the yacht club, marina, park, racquet club, and fitness center. The condo boasts an updated kitchen with granite counters and stainless trim appliances. The flooring is a stylish laminate throughout the condo. Don't miss this great opportunity to join this incredible community.

Investor Tools

$93,853Estimated Mortgage Balance
$67,214Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$966 /month
Positive
Cash Flow Estimate:
$322 /month

Interested in this property?

William Klingberg

AIM Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,369
$161,067
2025
$35,000
$126,067
$161,067
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,369
$161,067

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$105,000
No
First
Dec 15, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$93,853
$67,214
41%
58%
$630/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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12565 Melville Drive 224 | Property Details | No Agent List