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Days2268Days on Market
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$425,000

118 Red Petal Way, Conroe, TX, 77304

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,221 Sq Ft
price_per_sqft$191.36 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances
FlooringCarpet, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size7,993 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces1

Land Information

APN5375-00-00100
Lot Number1
SubdivisionGrand Central Park 01
Land UseResidential
Legal DescriptionS537500 - GRAND CENTRAL PARK 01, BLOCK 1, LOT 1
Census Tract693304
Assessed Land Value$68,000
Assessed Improvement Value$388,852
Assessment Year2025

About this property

Welcome to 118 Red Petal Way in Conroe, TX-a beautifully upgraded home situated on a premium corner lot directly across from the neighborhood park. Enjoy exceptional privacy with no front neighbors and no neighbors on the left side, creating an open, spacious feel that's hard to find. The backyard is designed for both entertaining and relaxing, featuring a huge extended patio, a professionally installed putting green, mature fruit trees, and more than 200 square feet of raised garden beds-perfect for gardening enthusiasts or anyone who enjoys outdoor living. Inside, you'll find thoughtful upgrades including new interior beams that add warmth and character, along with upgraded flooring that enhances the home's modern appeal. Combining a prime location, unique outdoor amenities, and stylish interior improvements, this home offers a rare opportunity to enjoy comfort, privacy, and an exceptional lifestyle in one of Conroe's desirable communities

Investor Tools

$283,008Estimated Mortgage Balance
$146,483Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,570 /month
Positive
Cash Flow Estimate:
$857 /month

Interested in this property?

Teresa Sartin

Keller Williams Realty The Woodlands

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$941/month
$975/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,148
$428,328
2025
$68,000
$388,852
$456,852
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,148
$428,328

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$319,200
No
First
Jul 31, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,008
$145,320
33%
66%
$1,914/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: Conroe

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118 Red Petal Way | Property Details | No Agent List