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$310,000

NAL Estimated Property Value

701 Bering Dr Unit 1905, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,286 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$276.05 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1117030000005
SubdivisionWoodway Pines T/H Condo
Land UseResidential
Legal DescriptionUNIT 1905 BLDG S .009259 INT COMMON LAND & ELE WOODWAY PINES T/H CONDO
Census Tract431506
Assessed Land Value$55,530
Assessed Improvement Value$236,735
Assessment Year2025

About this property

Stunning and thoughtfully remodeled condo located in one of the most desirable and well cared for communities near the Galleria, Woodway Pines. This cozy and efficient two bedroom one and a half bath condo offers a central location in the community with lovely landscaping. The interior offers a well equipped kitchen with plenty of storage including upper cabinets, utility closet and pantry with storage and built-in desk. The dining area is connected to the living area with a half bath located out of sight. You will find fantastic storage through-out including updated flooring on both levels. The community offers lush common green spaces with a park like feel and community pool. Just minutes from world-renowned culinary restaurants, upscale shopping, premier nightlife, entertainment, parks and industry-leading medical facilities. This property is truly a must-see!

Investor Tools

Property Icon
$310,000
Estimated Property Value
$318,316Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,130 /month
Positive
Cash Flow Estimate:
$710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$451/month
$651/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,865
$292,265
2025
$55,530
$236,735
$292,265
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,865
$292,265

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$329,650
No
First
Jun 3, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,316
N/A
0%
103%
$1,977/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$2,628/mo
$-1,088/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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701 Bering Dr Unit 1905 | Property Details | No Agent List