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Owner Contacts

$338,000

1231 Fountain View Drive 128, Houston, TX, 77057

Off Market

2 Beds

3 Bath

1,760 Sq Ft

Condos / Townhouses

$196.02 / sqft

Built in 1973

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer, Oven

FlooringStone, Tile, Wood

Exterior

Exterior FeaturesFront Yard

Building Information

Year Built1973

Stories2

Garage Spaces2

Land Information

APN1083040000006

SubdivisionTanglegrove T/H Condo

Land UseResidential

Legal DescriptionUNIT 128 BLDG V .004405 INT COMMON LAND & ELE TANGLEGROVE T/H CONDO

Census Tract431505

Assessed Land Value$61,545

Assessed Improvement Value$262,374

Assessment Year2025

About this property

When location is everything & luxury intertwines with conscious living like the majestic oaks that sit as sentinels along the boulevard. You will discover the "Diamond of Tanglegrove" nestled amongst million dollar homes, fine dining, high-end shopping & every city convenience you desire.This turnkey Towne Home is situated in the affluent area of Tanglewood & represents affordable luxury in an emerging luxury area.This $95,000 remodel truly embodies luxury finishes with purpose & functionality.High-end Quartzite counters, quarried stone floors, scraped hardwood floors, granite countertops in all remodeled bathrooms, designer fixtures,designer Sherwin Williams paint,new electrical panel, infrared system in cleaned ductworks, new pergola & much more. Abundant natural light, oversized laundry & walk-in pantry, recent stainless steel appliances in the gourmet island kitchen & the unique designer Fireplace that graces the dining area like a jewel. A discerning home for the discerning buyer.

Investor Tools

$338,000

Estimated Property Value

$0Estimated Mortgage Balance

$86,853Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,070 /month

Positive

Cash Flow Estimate:

$690 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$518/month

$507/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,521

$323,919

2025

$61,545

$262,374

$323,919

Tax History

Year

Tax Paid

Assessed Value

2024

$4,521

$323,919

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Randolph Brooks Fcu

Conventional

$270,000

First

Aug 25, 2022

Sep 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$251,147

$86,853

25%

74%

$1,619/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,540/mo

$2,126/mo

$-586/mo

5.5%

Learn About the Market: Opportunity in Houston

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