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Owner Contacts

$228,000

NAL Estimated Property Value

12229 Medina Lake Dr, Tomball, TX, 77377

Off Market

3 Beds

3 Bath

1,497 Sq Ft

$140.28 / sqft

Built in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Vinyl

Exterior

Lot Size2,256 sqft

Building Information

Year Built2011

Garage Spaces2

Land Information

APN1274210050021

Lot Number21

SubdivisionLakewood Place

Land UseResidential

Legal DescriptionLT 21 BLK 5 LAKEWOOD PLACE

Census Tract554702

Assessed Land Value$42,314

Assessed Improvement Value$185,686

Assessment Year2025

About this property

You will feel right at home in this lovely 3 bedroom 2.1 bath home in the sought after gated community of Lakewood Place. A welcoming brick & hardy plank facade creates a feeling of both luxury & warmth. Modern design with traditional features speaks to contemporary living. Entertaining is easy with this gorgeous kitchen complete with breakfast bar, gas range & lovely cabinetry open to the den & dining areas. Off the kitchen is the beautiful hardscape backyard with covered patio - the low maintenance yard is perfect for gatherings. All bedrooms up allow for separation between living & resting. The primary bedroom is good sized & offers a lovely ensuite. Two more bedrooms, a shared bath & laundry upstairs add to the convenience of this design. In addition, the gated community offers a large pool for residents & access to a green belt with trails for walking, running & biking. Enjoy shopping & dining in nearby Vintage Park! Sought-after Tomball ISD schools. Welcome to your Next Home!

Investor Tools

$228,000

Estimated Property Value

$157,274Estimated Mortgage Balance

$70,726Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,368 /month

Positive

Cash Flow Estimate:

$456 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$259/month

$270/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,970

$228,000

2025

$42,314

$185,686

$228,000

Tax History

Year

Tax Paid

Assessed Value

2024

$1,970

$228,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Paramount Residential Mortgage Group

Conventional

$170,625

First

Mar 17, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$157,274

$70,726

31%

69%

$1,023/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,210/mo

$1,293/mo

+$917/mo

11.6%

Learn About the Market: Opportunity in Texas

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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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