Street View

B+

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Owner Contacts

$278,363

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

Off Market

2 Beds

1 Bath

1,351 Sq Ft

Condos / Townhouses

$1.76 / sqft

Built in 2001

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

Exterior

Private 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

$278,363

Estimated Property Value

$220,000Estimated Mortgage Balance

$70,465Estimated Equity

21% 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

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

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%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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