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$305,000

601 S Ripple Creek Drive #601, Houston, TX, 77057

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,791 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$170.3 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Oven, Microwave, Gas Range, Dryer, Washer, Dishwasher, Exhaust Fan, Washer/Dryer
FlooringSlate, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Side Green Space
Lot Size2.42 acres

Building Information

Year Built1965
Stories1

Land Information

APN1113240000001
SubdivisionBayou Glen T/H Condo 4th Amend
Land UseResidential
Legal DescriptionUNIT 601 BLDG F .032800 INT COMMON LAND & ELE BAYOU GLEN T/H CONDO 4TH AMEND
Census Tract431600
Assessed Land Value$54,981
Assessed Improvement Value$234,394
Assessment Year2025

About this property

Tucked away at the end of a quiet cul-de-sac in the desirable Tanglewood area, this beautifully updated 2-bedroom, 2-bath condo offers 1,791 square feet of light-filled living with peaceful treetop views. Step inside to an inviting open-concept kitchen, living, and dining area, perfect for entertaining and everyday living. Generous windows fill the home with natural light, while a dedicated office space and ample storage provide flexibility and functionality. Situated above the parking level, with no downstairs neighbors, this home offers an added sense of privacy and tranquility. Enjoy the community pool and the convenience of an HOA that includes electricity, utilities, trash pickup, basic cable, and grounds maintenance. Ideally located near major retailers, restaurants, and everyday conveniences, this hidden gem offers the perfect balance of peaceful surroundings and city accessibility.

Investor Tools

$135,202Estimated Mortgage Balance
$154,173Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

Interested in this property?

Alexandra Marsh

Iron Vine Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
$973/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,341
$289,375
2025
$54,981
$234,394
$289,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,341
$289,375

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Stand Alone First / Home Equity First Lien
$168,000
No
First
Jun 26, 2017
Jul 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,202
$154,173
53%
47%
$1,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
$1,981/mo
$-271/mo
7.1%

City: Houston

601 S Ripple Creek Drive #601 | Property Details | No Agent List