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$380,000

NAL Estimated Property Value

221 Clear Water St E, Montgomery, TX, 77356

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.86 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Cooktop, Electric Oven
FlooringCarpet, Vinyl, Wood

Exterior

Lot Size5,816 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3417-00-06900
Lot Number27
SubdivisionClear Water Cove
Land UseResidential
Legal DescriptionS341700 - CLEAR WATER COVE, BLOCK 2, LOT 27
Census Tract694700
Assessed Land Value$75,000
Assessed Improvement Value$254,460
Assessment Year2025

About this property

FEEL LIKE YOU ARE ON VACATION EVERY DAY! This Lake Conroe WATERFRONT home for under 280k is a rare find! Enjoy all Lake Conroe has to offer for a great price. There is a jet ski lift and plenty of water in this short canal to wide open Lake Conroe fun. You have great outdoor spaces with the covered patio off the back door, and another covered back deck area closer to the water. Jump on your jet ski and be on the open water in minutes. You could add a boat slip if you choose, or tie up to the bulkhead. There is a community boat launch just around the corner to make launching your boat quick and convenient. Inside is very nice as well. Beautiful views in a wide open living, eating, and dining floor plan. Great for full time living or a weekend getaway. Spacious bedrooms, indoor utility room, and a nice garage/workshop area as well. Clear Water Cove is in MISD, and a nice community with low HOA fees and LOW tax rates. This is a great opportunity for a great price. Come get it!

Investor Tools

Property Icon
$380,000
Estimated Property Value
$163,688Estimated Mortgage Balance
$216,312Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,812
$329,460
2025
$75,000
$254,460
$329,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,812
$329,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$185,000
No
First
Jun 23, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,688
$235,312
58%
43%
$1,110/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Montgomery

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221 Clear Water St E | Property Details | No Agent List