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$510,000

NAL Estimated Property Value

231 Clear Water St E, Montgomery, TX, 77356

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,844 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.15 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesBoat Slip
Lot Size6,715 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3417-00-07400
Lot Number32
SubdivisionClear Water Cove
Land UseResidential
Legal DescriptionCLEAR WATER COVE, BLOCK 2, LOT 32
Census Tract694700
Assessed Land Value$82,500
Assessed Improvement Value$384,387
Assessment Year2025

About this property

Here is your opportunity to own a lake front property with your own personal boat slip. Enjoy fishing from your own personal deck. This lovely 3 bedroom home has amazing views of Lake Conroe. On the first level you will find your open living room, kitchen and dining area. Lots of windows to bring in the natural light. Upstairs will be the primary bedroom with en-suite bathroom and both secondary bedrooms with easy access to your secondary bathroom. The smaller bedroom is currently used as a laundry room. The garage has been converted to a game room or guest house. It will include a full bathroom and kitchen area. Great space for friends or family when visiting. On the back porch you will find your extended covered patio with an amazing view of Lake Conroe. You have a large deck covering two jet ski slips and a separate area for the boat slip. Plenty of room for all the toys! Make this your weekend getaway or your forever home! No STR allowed

Investor Tools

Property Icon
$510,000
Estimated Property Value
$362,930Estimated Mortgage Balance
$510,000Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$475/month
$358/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,146
$332,200
2025
$82,500
$384,387
$466,887
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,146
$332,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$370,000
No
First
Apr 29, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,930
$90,070
19%
71%
$2,219/mo

City: Montgomery

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