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$139,000

6217 Ludington Dr # 20-916, Houston, TX, 77035

PendingInfo
Beds2 Beds
Baths2 Bath
Baths1,232 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$112.82 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1983

Land Information

APN1158100200003
SubdivisionFondren Sw Tempo Townhomes
Land UseResidential
Legal DescriptionUNIT 916 BLDG 20 .00625 INT COMMON LAND & ELE FONDREN SW TEMPO T/H SEC 3
Census Tract422302
Assessed Land Value$32,250
Assessed Improvement Value$97,371
Assessment Year2025

About this property

Welcome to this meticulously renovated townhouse, offering two bedrooms, two bathrooms, and a versatile loft space in a secure, gated community. Ideally located near the Medical Center, Rice University, and with convenient access to both 610 and Beltway 8, this home is a perfect blend of sophistication and comfort. Inside, you’ll find beautifully upgraded kitchens and bathrooms with sleek quartz countertops and stainless steel appliances (washer/Dryer and Fridge included). Additional updates include fresh paint, recessed lighting in the living room, luxurious vinyl plank flooring throughout, and modernized bathrooms. Enjoy the benefit of a low property tax rate and an HOA fee that covers gas, water, and sewer—making this home as practical as it is stunning!

Investor Tools

$13,246Estimated Mortgage Balance
$116,375Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$56/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20
$129,621
2025
$32,250
$97,371
$129,621
Yes (2007)

Tax History

Year
Tax Paid
Assessed Value
2020
$20
$129,621

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Purchase Money Mortgage
$25,555
No
First
Oct 30, 2007
Nov 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$13,246
$116,375
89%
10%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$400/mo
+$907/mo
12.1%

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.

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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6217 Ludington Dr # 20-916 | Property Details | No Agent List