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Days34Days on Market
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$405,000

1186 Oak Lane, Montgomery, TX, 77316

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,098 Sq Ft
price_per_sqft$193.04 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDisposal, Electric Oven, Freestanding Oven, Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size14,250 sqft

Building Information

Garage Spaces2

Land Information

APN6680-01-06700
Lot Number67
SubdivisionLake Lorraine 01
Land UseVacant Land
Legal DescriptionS668001 - LAKE LORRAINE 01, LOT 67
Census Tract694403
Assessed Land Value$28,500
Assessment Year2025

About this property

Built in 2023, this 4-bedroom, 2-bath home in the desirable Lake Lorraine community sits on a spacious 1/3-acre lot and offers an open-concept design with tile flooring throughout the main living areas, crown molding and elegant arched openings. A formal dining room greets you right off the entry while the kitchen flows seamlessly into the family room. The kitchen features leathered granite countertops, white cabinetry, a chevron-pattern subway tile backsplash, stainless steel appliances and a sunny breakfast area with a charming window seat. The split-bedroom layout offers privacy for the primary suite with a jetted tub, separate shower, double sinks with granite countertops and a large walk-in closet with built-in's. Three secondary bedrooms, the second bath, and utility room are tucked away on their own hallway. Enjoy the covered patio, sprinkler system, oversized garage & the huge backyard. Plus in the subdivision is Lake Lorraine and a private boat ramp with access to Lake Conroe.

Investor Tools

$266,782Estimated Mortgage Balance
$87,218Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

Interested in this property?

Marla McNeilly

Texas Legacy Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$555
$28,500
2025
$28,500
N/A
$28,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$555
$28,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Sharon
Unknown
$279,000
No
First
Feb 8, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,782
$87,218
24%
75%
$1,673/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.

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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: Montgomery

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1186 Oak Lane | Property Details | No Agent List