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$172,734

NAL Estimated Property Value

12600 Melville Drive 310A, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths584 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$154.11 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Dishwasher, Disposal, Microwave, Electric Range
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1974
Stories1
Roof Type127

Land Information

APN9455-98-31000
SubdivisionWalden Lodge Bldg A
Land UseResidential
Legal DescriptionWALDEN LODGE BLDG A UT 310
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$137,734
Assessment Year2025

About this property

INCREDIBLE VIEW OF LAKE CONROE!! This condo offers lake living at its best!! Top floor magnificent views with elevator access. Enjoy coffee, dining, or wine on your private balcony with spectacular lake views. The same view is available from inside the house. Walk to Walden Yacht Club Restaurant for fine dining or Breakwater Grill for casual dining. Community pool & dog park within walking distance. Boat tie-ups at The Lodge dock & 2 community boat launches for Walden residents. Walden Fitness Center, Tennis Center, and lap pool are a few short blocks away. A private golf course is in Walden as well as multiple restaurants, small markets, and even a liquor store. Madelely Ranch Elementary School is very close as well as a fire station and police substation. YOU WILL ADJUST YOUR CLOCKS TO "LAKE TIME" ONCE YOU MOVE HERE!!

Investor Tools

Property Icon
$172,734
Estimated Property Value
$115,163Estimated Mortgage Balance
$57,571Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,036 /month
Positive
Cash Flow Estimate:
$345 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
$232/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
Fairway Independent Mortgage Corp
Conventional
$122,500
No
First
Feb 8, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,163
$57,571
33%
67%
$735/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 310A | Property Details | No Agent List