tomo logo

$699,000

Beds
3
Baths
2.5
sq ft
2,864

401 Ridgelake Scenic Dr, Montgomery, TX 77316

401 Ridgelake Scenic Dr

Montgomery, TX 77316

  • 53 days on market
    • Price drop $16,000↓
Experience the pinnacle of luxury living in this stunning custom-designed single-story home, located on a generous acre in the prestigious Ridgelake Shores community. Featuring three bedrooms, this residence showcases high ceilings, hand-selected finishes, and a warm, neutral color palette that perfectly blends elegance with comfort. The open floor plan includes spacious bedrooms and a private owner's suite with a beautifully appointed spa-like bath. Additional highlights include a formal dining room, a study, a large laundry room, and an inviting outdoor living space. Plenty of room for a swimming pool! The oversized garage offers ample room and epoxy flooring. Situated conveniently near dining, shopping, and major freeways, this home effortlessly combines sophistication and charm, making it an ideal retreat for a discerning family.

Details

Property type

Single Family Residence

Est. home value

$685,910

Lot size

1.00 acres

Price per sq ft

$245

Year built

2013

Annual property taxes

$10,354

Monthly HOA fee

$70.83

Price History

01/03/2025
Houston

Houston #86534492

Price change
$699,000
-2.24%
01/03/2025
Houston

Houston #86534492

Listed
$715,000
10/25/2024
Houston

Houston #51221203

Removed

Schools & Community

Elementary school: 

STEWART ELEMENTARY SCHOOL (CONROE)

Middle school: 

PEET JUNIOR HIGH SCHOOL

High school: 

CONROE HIGH SCHOOL

School district: 

Conroe

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$86,946
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$556,134
Cash to seller
$86,946

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

January 2022

Original loan amount

$593,750

Est. remaining balance

$556,134

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Travis Tony Hermandson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/26/2025 at 2:55 PM

Listing updated: 02/16/2025 at 4:08 PM

Listed by: Scott Miller, UnforgettableLakeConroe.com Phone #: (936) 448-5253

MLS: Houston #86534492

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