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$242,687

661 Bering Dr Unit 503, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,115 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$112.77 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesTennis Court(s), Dog Run, Outdoor Kitchen, Balcony

Building Information

Year Built1980
Stories1

Land Information

APN1147430050003
SubdivisionWoodway Place Atrium Condo
Land UseResidential
Legal DescriptionUNIT 503 FLOOR 5 .018148 INT COMMON LAND & ELE WOODWAY PLACE ATRIUM CONDO
Census Tract431506
Assessed Land Value$46,111
Assessed Improvement Value$196,576
Assessment Year2025

About this property

This spacious 2,115 square foot flat in the Woodway Place Atrium is freshly painted with new carpet. A real value and a great location in the Tanglewood area. Tanglewood Park is located directly across the street with tennis courts, a playground and a dog park. Atrium elevators take you to the fifth floor on your way to #503. Formal entry, large living area with hardwood floors, kitchen and breakfast room. Washer and dryer. Balcony off living area and formal half bath off bedroom hallway. Bar. Built-in book/display shelving in second bedroom. Primary bedroom with private bath and large walk-in closet. Two assigned covered parking places are well located! 24 hour access control and doorman. Well run HOA. Pool, heated spa, outdoor kitchen, tennis courts and fitness room. Awesome walking on nearby Tanglewood Blvd! HOA dues include, basic cable, water, trash, building insurance, grounds maintenance, courtesy staffing and on-site management. A fine home in the Tanglewood/Galleria area.

Investor Tools

Property Icon
$242,687
Estimated Property Value
$190,800Estimated Mortgage Balance
$69,778Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,456 /month
Positive
Cash Flow Estimate:
$485 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
$1,565/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,964
$242,687
2025
$46,111
$196,576
$242,687
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,964
$242,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$190,800
No
First
Jun 15, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,909
$82,091
32%
71%
$1,144/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$2,709/mo
$-679/mo
10.0%

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.

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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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661 Bering Dr Unit 503 | Property Details | No Agent List