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$159,000

642 S Ripple Creek Drive 642, Houston, TX, 77057

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,402 Sq Ft
price_per_sqft$113.41 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Double Oven, Electric Oven, Electric Range, Dryer, Full Size, Refrigerator, Washer, Dishwasher, Instant Hot Water, Washer/Dryer
FlooringEngineered Wood, Tile

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1964
Stories1

Land Information

APN1109980000020
SubdivisionWoodway Glen T/H Condo
Land UseResidential
Legal DescriptionUNIT 642 BLDG A .000290 INT COMMON LAND & ELE WOODWAY GLEN T/H CONDO
Census Tract431600
Assessed Land Value$31,645
Assessed Improvement Value$134,909
Assessment Year2025

About this property

Welcome to Woodway Glen, a boutique condo community on a quiet cul-de-sac in Tanglewood. This desirable corner unit offers a spacious floor plan designed for comfort and convenience, with no neighbors on either side. The open living and dining areas flow easily into the kitchen, creating an inviting space for everyday living. The primary suite features a walk-in closet, and direct access to the laundry room. The secondary bedroom provides flexibility for guests or a home office. Residents enjoy covered and guest parking, elevator access, extra storage, a covered mailbox, and a private exterior balcony. Other highlights include a new roof, secured access to the building and garage, and all utilities included (except internet.) Beautifully landscaped grounds feature a pool area overlooking the bayou. Prime Tanglewood location minutes from the Galleria, Houston Country Club, Energy Corridor, restaurants, and conveniences-offering a peaceful, low-maintenance lifestyle surrounded by nature.

Investor Tools

$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,212 /month
Positive
Cash Flow Estimate:
$404 /month

Interested in this property?

Tim Surratt

Martha Turner Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
$965/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,595
$166,554
2025
$31,645
$134,909
$166,554
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,595
$166,554

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Home Loans Inc
N/A
$17,810
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$965/mo
+$575/mo
9.1%

City: Houston

642 S Ripple Creek Drive 642 | Property Details | No Agent List