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$291,000

NAL Estimated Property Value

701 Bering Drive 2006, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,286 Sq Ft
price_per_sqft$241.06 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1117040000006
SubdivisionWoodway Pines T/H Condo
Land UseResidential
Legal DescriptionUNIT 2006 BLDG T .009259 INT COMMON LAND & ELE WOODWAY PINES T/H CONDO
Census Tract431506
Assessed Land Value$47,514
Assessed Improvement Value$202,561
Assessment Year2025

About this property

Discover this charming Woodway Pines condo nestled at end of a lush courtyard. Meticulously updated, this home has new plumbing, double-pane windows, wood plantation shutters, a fresh coat of paint throughout, & energy-efficient LED lighting. Step inside to find LVT flooring throughout the open concept living space. The kitchen has granite countertops complemented by tile backsplash, under-cabinet lighting, & stainless-steel appliances. The convenient utility room includes a walk-in pantry & stacked washer & dryer. The living room features a cozy wood-burning fireplace & seamlessly flows into the dining area. The second floor has two bedrooms & a Hollywood bathroom, that offers a double sink vanity with granite countertops & a tub/shower combo. Outside, a private porch extends from the dining area, perfect for a small garden, & connects to the 2-car garage. Enjoy this tranquil community with access to the community center & pool —making this home an ideal lock & leave opportunity.

Investor Tools

Property Icon
$291,000
Estimated Property Value
$142,197Estimated Mortgage Balance
$148,803Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$614/month
$651/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,907
$250,075
2025
$47,514
$202,561
$250,075
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,907
$250,075

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
1st Alliance Mortgage Llc
Conventional
$180,000
No
First
Jun 20, 2016
Aug 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,197
$148,803
51%
49%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,731/mo
$-191/mo
6.4%

City: Houston

701 Bering Drive 2006 | Property Details | No Agent List