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$255,000

11050 Pelican Hill Lane, Cleveland, TX, 77327

$305,251 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.7 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size6,307 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR268366
Lot Number20
SubdivisionGrand Oaks Reserve, Sec 7
Land UseResidential
Legal DescriptionGRAND OAKS RESERVE, SEC 7, BLOCK 5, LOT 20, ACRES .1448
Census Tract700200
Assessed Land Value$28,380
Assessed Improvement Value$232,330
Assessment Year2025

About this property

Welcome to this beautifully designed two-story home in the golf course community of Grand Oaks Reserve. Built in 2023, this spacious home offers over 2,200 square feet, making it perfect for anyone needing extra space for a home office, guest room, or playroom. The open-concept kitchen flows seamlessly into the main living space, creating a bright and connected feel, while a study on the first floor gives you a quiet place to work or unwind. Upstairs, you’ll find a game room, offering the perfect second living area. The primary suite includes a spacious layout with a walk-in closet, and the additional bedrooms provide plenty of room for family or guests. Step outside to a large backyard, perfect for pets, play, or relaxing evenings at home. Located in Grand Oaks Reserve, residents enjoy access to a golf course, clubhouse, pool, splash pad, parks, and more. If you’ve been looking for a newer home with space, functionality, and community amenities, this one is worth a look.

Investor Tools

$220,335Estimated Mortgage Balance
$58,665Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$305,251
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Alana Strong

Better Homes and Gardens Real Estate Gary Greene - Champions

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,061
$260,710
2025
$28,380
$232,330
$260,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,061
$260,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Va
$224,627
Yes
First
Apr 1, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,335
$58,665
21%
79%
$1,347/mo

City: Cleveland

11050 Pelican Hill Lane | Property Details | No Agent List