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Owner Contacts

$396,915

701 Bering Dr Unit 1906, Houston, TX, 77057

Off Market

2 Beds

3 Bath

1,500 Sq Ft

Condos / Townhouses

$203.33 / sqft

Built in 1977

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Tile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1977

Stories2

Garage Spaces2

Land Information

APN1117030000006

SubdivisionWoodway Pines T/H Condo

Land UseResidential

Legal DescriptionUNIT 1906 BLDG S .009259 INT COMMON LAND & ELE WOODWAY PINES T/H CONDO

Census Tract431506

Assessed Land Value$75,414

Assessed Improvement Value$321,501

Assessment Year2025

About this property

Fabulous updated corner unit in Woodway Pines, largest floorplan in community! First floor features wood tile flooring throughout; galley kitchen with granite countertops and breakfast room; powder bath; dining room open to spacious living room with fireplace. French doors open to outdoor patio, perfect for entertaining! Second floor features carpet throughout; primary bedroom with walk-in closet, and bath with double-sinks and walk-in shower; secondary bedroom with ensuite bath and walk-in closet; utility room. Oversized 2-car-garage. Updates include*: new tile, paint, crown moldings, two new toilets, new primary bath shower and new carpet throughout (2016); PEX piping throughout, HOA replaced roof, exterior paint on unit and garage (2018); garbage disposal (2019); garage door motor (2020)*. *Per Seller

Investor Tools

$396,915

Estimated Property Value

$307,300Estimated Mortgage Balance

$106,022Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,381 /month

Positive

Cash Flow Estimate:

$794 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$306/month

$442/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,690

$396,915

2025

$75,414

$321,501

$396,915

Tax History

Year

Tax Paid

Assessed Value

2024

$1,690

$396,915

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Highlands Residential Mortgage Ltd

Conventional

$307,300

First

Jun 13, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$290,893

$106,022

26%

73%

$1,843/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,540/mo

$2,285/mo

$-745/mo

4.7%

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