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$462,467

NAL Estimated Property Value

1616 Fountain View Dr Apt 503, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,051 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$243.73 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Building Information

Year Built2001

Land Information

APN1232960000043
SubdivisionThe Tanglewood Condo
Land UseResidential
Legal DescriptionUNIT 503 .01467 INT COMMON LAND & ELE THE TANGLEWOOD CONDO
Census Tract431504
Assessed Land Value$87,869
Assessed Improvement Value$374,598
Assessment Year2025

About this property

Totally remodeled! Live in the heart of Tanglewood! One of the most desirable floor plans in the complex that is 2 bedrooms/2.5 bathrooms with High ceilings. Your guests will be greeted by the elegant, beautiful lobby. When you enter the unit, the secondary bedroom is located to the right. The kitchen/dining room/living room is an open concept which is perfect for entertaining. The dining/living is so large it can accommodate a large dining room table and other living room furniture - even enough room for a baby grand piano. The high ceilings makes the condo feel like a loft. The primary bedroom is large enough to have a sitting area and a king bed. The primary bathroom is en-suite, and it has a separate shower and soaking tub and has double vanities. The condo building has 24 hour concierge, a great fitness center, beautiful pool with a lounging area, and 2 reserved parking spaces. Extra guest parking in front of the complex. Walking distance to HEB and restaurants. Will not last!

Investor Tools

Property Icon
$462,467
Estimated Property Value
$0Estimated Mortgage Balance
$462,467Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$949/month
$1,210/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,079
$462,467
2025
$87,869
$374,598
$462,467
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,079
$462,467

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$462,467
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,290/mo
$1,210/mo
+$80/mo
3.3%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1616 Fountain View Dr Apt 503 | Property Details | No Agent List