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$289,900

118 Driftwood Drive, Lake Jackson, TX, 77566

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,804 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.7 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate, Marble, Tile

Exterior

Lot Size10,799 sqft

Building Information

Year Built1979
Stories2
Roof Type105
Garage Spaces2

Land Information

APN6814-0503-000
Lot Number4
SubdivisionOak Forest
Land UseResidential
Legal DescriptionOAK FOREST (LAKE JACKSON) BLK 16 LOT 4
Census Tract663200
Assessed Land Value$32,130
Assessed Improvement Value$238,960
Assessment Year2025

About this property

A charming 2-story home in the highly desirable Oak Forest community! This spacious 4-bedroom, 2.5-bath home offers comfort, character, and convenience all in one. Step inside to a large living room featuring a cozy fireplace, built-in bookcase, wet bar, and abundant natural light — perfect for relaxing or entertaining. The oversized kitchen and dining area overlook the large size backyard, creating a warm and inviting space for everyday living. Enjoy the shaded backyard oasis complete with a sitting area and storage building, ideal for outdoor gatherings, gardening, or simply unwinding. The primary suite is conveniently located downstairs and includes a walk-in closet and built-in dresser for added storage and functionality. With NO HOA, you’ll have the freedom to truly make this home your own. Located just minutes from shopping, dining, parks, schools, and Oyster Creek this home combines peaceful neighborhood living with easy access to everything Lake Jackson has to offer.

Investor Tools

Property Icon
$274,000
Estimated Property Value
$0Estimated Mortgage Balance
$73,673Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

Interested in this property?

William Onye

NB Elite Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,647
$271,090
2025
$32,130
$238,960
$271,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,647
$271,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Smi Lending Inc
Va
$202,150
Yes
First
May 1, 2018
Jun 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,327
$73,673
26%
73%
$1,412/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lake Jackson

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118 Driftwood Drive | Property Details | No Agent List