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$292,000

NAL Estimated Property Value

12600 Melville Drive B318, Montgomery, TX, 77356

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths901 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$244.17 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven, Water Purifier
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1974
Stories1
Roof Type127

Land Information

APN9455-98-31300
SubdivisionWalden Lodge Bldg A
Land UseResidential
Legal DescriptionWALDEN LODGE BLDG A UT 313
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$205,076
Assessment Year2025

About this property

Discover breathtaking skylines, marina and lighthouse views, and vibrant lake activities from this 3rd-floor waterfront condo balcony, shaded by noon! Dock your boat or jet skis short-term within view or rent a marina slip. Enjoy landside fishing and access Walden’s gated boat ramp for launching. The open kitchen features vaulted ceilings, built-ins with a desk, granite counters, and a 2.5 ton Trane AC (2020) with a reverse osmosis system and Smart Wi-Fi deadbolt. This unit comes fully furnished with a loft and is a short walk to the community pool, Yacht Club, and Breakwater Grille sports bar with outdoor seating and live bands. Walden offers a golf course, driving range, racquet club, fitness center, and more. Make this your waterfront paradise! Currently being used as a short-term rental.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$156,401Estimated Mortgage Balance
$135,599Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
$371/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,602
$240,076
2025
$35,000
$205,076
$240,076
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,602
$240,076

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$168,750
No
First
Jun 1, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,401
$135,599
46%
54%
$1,012/mo

City: Montgomery

12600 Melville Drive B318 | Property Details | No Agent List