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$319,000

NAL Estimated Property Value

12800 Melville Drive B302, Montgomery, TX, 77356

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths620 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$314.52 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Storage, Boat Slip

Building Information

Year Built1996
Stories1
Roof Type105

Land Information

APN9256-00-07300
SubdivisionThe Point At Walden
Land UseResidential
Legal DescriptionS925600 - THE POINT AT WALDEN, BLDG B UNIT 309
Census Tract694305
Assessed Land Value$35,000
Assessed Improvement Value$276,400
Assessment Year2025

About this property

WATERFRONT condo at The Point on Lake Conroe, a sought-after community in the Walden neighborhood. This 1 bedroom, 1 full bath condo that comfortably sleeps 4 with a queen size Murphy bed in the living area has been a successful vacation rental for 8 years. Whether you want to live here full time, enjoy it as a vacation home, or make extra income as a rental, ALL furnishings plus refrigerator and stackable washer/dryer are included in the sale to make this a seamless transition. This unit also includes underground parking for residents, an elevator for easy access, an extra storage unit in the garage, private pool for condo residents, and a boat dock! The Point Condominium is also located within walking distance to the Yacht Club, Breakwater Grill and the large community pool. Besides being located on the water, one of the top features of this property is having the BEST view of the Walden 4th of July Fireworks Show. If you love the LAKE life, then this condo is for YOU!

Investor Tools

Property Icon
$319,000
Estimated Property Value
$0Estimated Mortgage Balance
$319,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
$278/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,179
$311,400
2025
$35,000
$276,400
$311,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,179
$311,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$319,000
100%
0%
$0/mo

City: Montgomery

12800 Melville Drive B302 | Property Details | No Agent List