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$246,000

NAL Estimated Property Value

507 Forest Glen Street, Conroe, TX, 77316

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,352 Sq Ft
price_per_sqft$125 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size9,587 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APN6585-03-27800
Lot Number5
SubdivisionLake Conroe Forest
Land UseResidential
Legal DescriptionLAKE CONROE FOREST, BLOCK 73, LOT 5
Census Tract694402
Assessed Land Value$28,761
Assessed Improvement Value$200,338
Assessment Year2025

About this property

Well loved and maintained 3 bedroom and 2 bath home in Lake Conroe Forest. Featuring an open floor plan with tile in the kitchen, living and baths. The open and roomy kitchen provide ample space for cooking and gathering with family and friends. past the other Secondary bedrooms and secondary bath off the living room followed by the master bedroom and bath at the end of the hall. Outside is designed for enjoying the large fence backyard while sitting on your covered patio. Entertaining at home will be a breeze. While also close to Waterpoint on TX-105 and minutes away from Montgomery, Conroe and The Woodlands. In the Montgomery School District

Investor Tools

Property Icon
$246,000
Estimated Property Value
$116,353Estimated Mortgage Balance
$129,647Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$477/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,493
$229,099
2025
$28,761
$200,338
$229,099
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,493
$229,099

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Montgomery Mortgage Inc
Open End Mortgage / Open End With Future Advance Clause
$135,200
No
First
May 24, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,353
$129,647
52%
47%
$811/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: Conroe

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507 Forest Glen Street | Property Details | No Agent List