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$307,000

NAL Estimated Property Value

651 Bering Dr Unit 605, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths4 Bath
Baths1,528 Sq Ft
price_per_sqft$161.98 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Slate, Tile, Wood

Exterior

Exterior FeaturesTennis Court(s), Balcony

Building Information

Year Built1983
Stories1

Land Information

APN1152780060005
SubdivisionWoodway Place Ii Condo
Land UseResidential
Legal DescriptionUNIT 605 FLOOR 6 .008548 INT COMMON LAND & ELE WOODWAY PLACE II CONDO
Census Tract431506
Assessed Land Value$46,928
Assessed Improvement Value$200,063
Assessment Year2025

About this property

This 2-bedroom, 2-bath Unit is on the sixth floor in desirable Woodway Place II. This Buiding is the epitome of luxury high-rise living in the heart of Houston's prestigious Tanglewood neighborhood. This unit has been thoughtfully designed with high-end finishes and top-of-the-line appliances. The Primary Bedroom is generously sized with a quaint sitting area and an oversized closet. The en suite showcases beautiful marble countertops with two glass vessel sinks. The unit has abundant storage and an oversized storage room that could be enjoyed as a "Bonus Room." Overall, the building residents enjoy access to an array of exceptional amenities, including a 24-hour concierge, a state-of-the-art fitness center, a resort-style pool and spa, and beautifully landscaped grounds. The building also features a business center and conference room if working from home better meets your needs. This unit offers a host of possibilities, and is not to be overlooked!

Investor Tools

Property Icon
$307,000
Estimated Property Value
$0Estimated Mortgage Balance
$307,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$72
$246,991
2025
$46,928
$200,063
$246,991
No

Tax History

Year
Tax Paid
Assessed Value
2024
$72
$246,991

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$262,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,200/mo
+$340/mo
6.0%

Learn About the Market: Opportunity in Houston

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Explore

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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651 Bering Dr Unit 605 | Property Details | No Agent List