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Owner Contacts

$301,365

NAL Estimated Property Value

1616 Fountain View Dr Apt 202, Houston, TX, 77057

$309,342 ARV

Off Market

2 Beds

3 Bath

1,666 Sq Ft

Condos / Townhouses

$171.07 / sqft

Built in 2001

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

Building Information

Year Built2001

Land Information

APN1232960000002

SubdivisionThe Tanglewood Condo

Land UseResidential

Legal DescriptionUNIT 202 .01191 INT COMMON LAND & ELE THE TANGLEWOOD CONDO

Census Tract431504

Assessed Land Value$57,259

Assessed Improvement Value$244,106

Assessment Year2025

About this property

Welcome to 1616 Fountain View, your new home! This fabulous mid-rise in Tanglewood is move-in ready. This unit is the perfect blend of comfort and luxury. Hardwood floors greet you upon entry. An open floor plan with tall ceilings provides a blend of comfort and charm. Recent upgrades include paint throughout, updated flooring, a completely remodeled primary bathroom, a completely remodeled kitchen and much more. Amenities include 24/7 concierge, exercise room, 2 assigned parking spaces, on-site storage, dog park and pool. Close to shopping, restaurants and easy in and out access makes this unit a must see! The only 2 bed 2 bath unit available that is priced as a 1 bed 1 bath unit.

Investor Tools

$301,365

Estimated Property Value

$224,134Estimated Mortgage Balance

$77,231Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$309,341

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,808 /month

Positive

Cash Flow Estimate:

$603 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$189/month

$1,015/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$757

$301,365

2025

$57,259

$244,106

$301,365

Yes (2023)

Tax History

Year

Tax Paid

Assessed Value

2024

$757

$301,365

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Houston West Management Llc

Purchase Money Mortgage

$228,500

First

Apr 29, 2025

Oct 2025

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$224,134

$77,231

25%

74%

$1,370/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,290/mo

$2,385/mo

$-1,095/mo

5.1%

Learn About the Market: Opportunity in Houston

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