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$266,000

NAL Estimated Property Value

651 Bering Drive 901, Houston, TX, 77057

$284,293 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,546 Sq Ft
price_per_sqft$135.51 / 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
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesTennis Court(s), Dog Run, Balcony

Building Information

Year Built1983
Stories1

Land Information

APN1152780090001
SubdivisionWoodway Place Ii Condo
Land UseResidential
Legal DescriptionUNIT 901 FLOOR 9 .008548 INT COMMON LAND & ELE WOODWAY PLACE II CONDO
Census Tract431506
Assessed Land Value$47,680
Assessed Improvement Value$203,267
Assessment Year2025

About this property

A well-laid out floor plan in this 2/2 9th floor unit offers stunning eastern views of the Uptown/Galleria area that are sure to please (see "documents" section for floor plan). Well-maintained with original finishes, this home provides a wonderful opportunity to add your personal touches. 2 assigned parking spaces plus hallway storage unit. In-unit washer and dryer included. With recent, significant updates to the common areas, this building provides numerous amenities, including pool, party room, tennis courts, 24/7 concierge and on-site building manager. Excellent Tanglewood/Galleria area location directly across the street from Tanglewood Park!

Investor Tools

Property Icon
$266,000
Estimated Property Value
$0Estimated Mortgage Balance
$266,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$284,292
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,126
$250,947
2025
$47,680
$203,267
$250,947
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,126
$250,947

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$266,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,100/mo
+$440/mo
6.9%

City: Houston

651 Bering Drive 901 | Property Details | No Agent List