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$360,655

NAL Estimated Property Value

12600 Melville Drive 224B, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths680 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$230.88 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Refrigerator, Dishwasher
FlooringVinyl

Exterior

Exterior FeaturesBalcony, Dock

Building Information

Year Built1975
Stories1
Roof Type105

Land Information

APN9455-99-22600
SubdivisionWalden Lodge Bldg B
Land UseResidential Condominium
Legal DescriptionS945599 - WALDEN LODGE BLDG B, UNIT 226, UNIT 227
Census Tract694305
Assessed Land Value$70,000
Assessed Improvement Value$290,655
Assessment Year2025

About this property

Experience breathtaking WATERFRONT views of Lake Conroe in this beautifully maintained 2nd-floor condo. Wake up to incredible sunrises and enjoy the lake breeze and afternoon shade from your private balcony overlooking the lake and pool. Features include a stacked-stone fireplace, custom wood mantle, shiplap accent wall, and open layout. The Lodge complex offers a private pool, laundry facilities, an elevator, and dock for boats or Jet Skis. Ownership includes access to Walden’s amenities like the Yacht Club, pools, courts, fitness center, boat ramps, playgrounds, dog park, and trails. Perfect for permanent residence, vacation retreat, or rental investment. Don't miss this waterfront beauty!

Investor Tools

Property Icon
$360,655
Estimated Property Value
$276,409Estimated Mortgage Balance
$84,246Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,164 /month
Positive
Cash Flow Estimate:
$721 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,703
$360,655
2025
$70,000
$290,655
$360,655
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,703
$360,655

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Unknown
$292,000
No
First
Jun 12, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,409
$84,246
23%
77%
$1,751/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 224B | Property Details | No Agent List