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$397,000

NAL Estimated Property Value

15702 W Honea Road W, Montgomery, TX, 77316

$516,100 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,920 Sq Ft
price_per_sqft$208.28 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Oven, Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size5.50 acres

Building Information

Year Built1996
Stories1
Garage Spaces4

Land Information

APN5897-00-00700
Lot Number1-7
SubdivisionHonea West
Land UseResidential
Legal DescriptionS589700 - HONEA WEST, LOT 1-A ,3-A, 5, 7, SERIAL # N224450, TITLE # CNL, LABEL # RAD0894366, ACRES 5.5
Census Tract694502
Assessed Land Value$220,000
Assessed Improvement Value$55,000
Assessment Year2025

About this property

Excellent opportunity to purchase this 5.5 acres of UNRESTRICTED property in Montgomery. Located on a winding road in this park-like setting is this three bedroom, two bath home in excellent condition. As you enter the electronic gate there is a pond to the right. The property is covered with mature trees and has plenty of privacy behind the split rail fence across the front. There is an over sized covered front porch and fenced backyard. The interior has a large island kitchen, two sets of sinks and open to the breakfast area with a family room and formal dining area. Bedrooms are all a good size and the master has a large bath w/separate shower, garden tub and dual sinks. There is garage with a two-car covered carport. Garage has an office and the back is a workshop/storage. The parking pad is a perfect space for RV and/or boat storage. Metal Roof installed in '08, A/C replaced in '13, Pump/Tank '17, 300' well! Endless possibilities to run a business and live in your dream home!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$270,138Estimated Mortgage Balance
$126,862Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$516,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$537/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,455
$275,000
2025
$220,000
$55,000
$275,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,455
$275,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Spirit Of Texas Bank Ssb
Commercial
$299,250
No
First
Apr 14, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,138
$126,862
31%
68%
$1,795/mo

City: Montgomery

15702 W Honea Road W | Property Details | No Agent List