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Owner Contacts

$312,000

701 Bering Dr Unit 1701, Houston, TX, 77057

Pending

2 Beds

3 Bath

1,500 Sq Ft

Condos / Townhouses

$208 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringTile, Wood

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1977

Stories2

Garage Spaces2

Land Information

APN1117010000001

SubdivisionWoodway Pines T/H Condo

Land UseResidential

Legal DescriptionUNIT 1701 BLDG Q .009259 INT COMMON LAND & ELE WOODWAY PINES T/H CONDO

Census Tract431506

Assessed Land Value$52,633

Assessed Improvement Value$224,383

Assessment Year2025

About this property

WOOD FLOORING NOW ADDED TO STAIRS AND SECOND FLOOR: Check out the pool view. Interior of unit painted, January 2026. Engineered hardwood floors installed on first floor, January 2026. Building foundation repair completed 2025. Roof for building installed 2023. First floor kitchen bay window looks onto a park-like area with a swimming pool. The kitchen has granite counter tops and a double oven. Many storage cabinets and a breakfast bar looking into the living room. A good connection between the cook and company. The cozy wood burning fireplace is flanked by two windows to the patio. Lots of light. Across the patio is a double car garage. Upstairs in the condo, are two bedrooms with ensuite baths and laundry. One second floor bedroom has a large closet that can double as an office. Visit today. Make this your home.

Investor Tools

$165,062Estimated Mortgage Balance

$141,938Estimated Equity

46% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,872 /month

Positive

Cash Flow Estimate:

$624 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$240/month

$785/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,347

$277,016

2025

$52,633

$224,383

$277,016

Yes (2023)

Tax History

Year

Tax Paid

Assessed Value

2024

$1,347

$277,016

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Elizabeth E Simpson

N/A

$200,000

N/A

First

Jan 8, 2018

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$165,062

$141,938

46%

54%

$1,200/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,540/mo

$1,985/mo

$-445/mo

6.0%

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