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$172,734

NAL Estimated Property Value

12600 Melville Drive 120B, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths589 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$335.31 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Refrigerator
FlooringTile

Building Information

Year Built1974
Stories1
Roof Type127

Land Information

APN9455-99-32000
SubdivisionWalden Lodge Bldg B
Land UseResidential
Legal DescriptionS945599 - WALDEN LODGE BLDG B, UNIT 320
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$137,734
Assessment Year2025

About this property

Welcome to this delightful 1-bedroom, 1-bathroom condo situated right on the water, offering a serene escape in the heart of Walden. Whether you're seeking a permanent residence, a weekend retreat, or an investment property for vacation rentals, this fully furnished condo is an ideal choice. Step inside to discover a well-maintained interior featuring elegant tile flooring, sleek granite countertops complemented by a stylish tile backsplash, and a tastefully updated bathroom. The open living area exudes comfort and tranquility, inviting you to unwind and take in the breathtaking sunrises with a cup of coffee or savor a glass of wine while watching boats gracefully glide by from your private patio. This condo also grants you access to the exceptional amenities Walden has to offer For golf enthusiasts, the golf course is available for an additional fee.

Investor Tools

Property Icon
$172,734
Estimated Property Value
$56,891Estimated Mortgage Balance
$115,843Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,185 /month
Positive
Cash Flow Estimate:
$395 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,186
$172,734
2025
$35,000
$137,734
$172,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,186
$172,734

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Unknown
$66,400
No
First
Mar 28, 2019
Apr 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$56,891
$115,843
67%
33%
$399/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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12600 Melville Drive 120B | Property Details | No Agent List