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$700,000

12455 Melville Drive, Montgomery, TX, 77356

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,420 Sq Ft
price_per_sqft$492.96 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

AuctionAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
FlooringVinyl Plank

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN7156-00-00600
SubdivisionMelville Townhomes
Land UseResidential Condominium
Legal DescriptionS715600 - MELVILLE TOWNHOMES, UNIT 6
Census Tract694305
Assessed Land Value$10,780
Assessed Improvement Value$104,519
Assessment Year2025

About this property

Online Auction - Melville Townhomes is a rare chance to own an entire lakeside rental community in one of Montgomery County's most established golf and lake neighborhoods. Eight two-story, 2-bedroom, 2.5-bath townhomes of about 1,417 SF each sit on a 0.71-acre corner site, facing a resort-style pool courtyard. The property was completely remodeled with new roof, siding, wiring, plumbing fixtures, HVAC, flooring, kitchens and baths. Each unit offers open concept living area, quartz countertops & other high-end finishes. The resort style pool sits in the center of the property with views from each unit. The property is vacant and ready for a new owner's leasing plan. Walden on Lake Conroe gives residents the lake lifestyle that renters and buyers pay a premium for. Melville Townhomes sits about two blocks from the water, on a paved hike-and-bike trail, with HOA access to boat ramps, a fitness center, courts and pools.

Investor Tools

$0Estimated Mortgage Balance
$228,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Kelly Toney

Tranzon Asset Advisors of TX, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$278/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,195
$115,299
2025
$10,780
$104,519
$115,299
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,195
$115,299

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,000
100%
0%
$0/mo

City: Montgomery