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$278,363

NAL Estimated Property Value

1616 Fountain View Dr Apt 308, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,351 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.76 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool

Building Information

Year Built2001
Garage Spaces2

Land Information

APN1232960000021
SubdivisionThe Tanglewood Condo
Land UseResidential
Legal DescriptionUNIT 308 .00966 INT COMMON LAND & ELE THE TANGLEWOOD CONDO
Census Tract431504
Assessed Land Value$52,889
Assessed Improvement Value$225,474
Assessment Year2025

About this property

Two parking spaces included #35 and #36. Please cancel through showing time if you can’t make it to showing. Fantastic opportunity to live in one of Houston’s most vibrant neighborhoods with close proximity to the Galleria and the renowned Texas Medical Center. This beautiful mid rise condo has been exceptionally maintained that includes exposed ductwork, private balcony, hardwood floors, stainless steel appliances, 12 ft concrete ceilings, and granite countertop; include refrigerator, microwave and new chandelier! This 2 bed, 1 bath loft style home has lots of living space with an open floor plan. Unbeatable for price and location! Amenities include 24/7 concierge, 6 days a week porter, dog park, fitness center, a pool, private storage unit, and 2 assigned parking spaces. Walking distance to HEB, Whole Foods, Torchy's, great restaurants, and entertainment. Zoned to Briargrove Elementary!

Investor Tools

Property Icon
$278,363
Estimated Property Value
$207,898Estimated Mortgage Balance
$70,465Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,670 /month
Positive
Cash Flow Estimate:
$557 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$623/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,085
$278,363
2025
$52,889
$225,474
$278,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,085
$278,363

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$220,000
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,898
$70,465
25%
75%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,290/mo
$1,320/mo
$-30/mo
5.6%

City: Houston

1616 Fountain View Dr Apt 308 | Property Details | No Agent List