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$262,000

NAL Estimated Property Value

651 Bering Drive 305, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,528 Sq Ft
price_per_sqft$137.43 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesTennis Court(s), Balcony

Building Information

Year Built1983
Stories1

Land Information

APN1152780030005
SubdivisionWoodway Place Ii Condo
Land UseResidential
Legal DescriptionUNIT 305 FLOOR 3 .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

Welcome to one of the most desirable high-rises in the Tanglewood area. Home offers 2 generous-sized bedrooms, 2 bathrooms & features open living room & dining room. Glass door opens to covered balcony. New shades installed on bay windows (11/2022). “Flex” space can be for storage or study, etc. Enjoy the amenities of high-rise living including 24/7 Concierge, swimming pool, tennis courts, well-maintained grounds, party room & 2 assigned spaces in garage (1 on 1st flr). In 2020, building underwent a renovation which included the lobby, party room, lighting, common area furnishings, and A/C chiller. Tanglewood Park is across the street & includes dog park, walking trail, playground, Gazebo, sports fields & picnic tables. Dynamite location close to restaurants, shopping, groceries & other retail—it’s so close to the conveniences of The Galleria area, yet tucked away in a tranquil community. Convenient to YMCA, The Galleria, Memorial Park & freeways.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$78,472Estimated Mortgage Balance
$183,528Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$444
$246,991
2025
$46,928
$200,063
$246,991
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$444
$246,991

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primeway Fcu
Non-Purchase Money Mortgage / Home Equity
$80,000
No
First
Apr 28, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,472
$183,528
70%
30%
$480/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,680/mo
$-140/mo
7.1%

City: Houston

651 Bering Drive 305 | Property Details | No Agent List