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$297,000

NAL Estimated Property Value

1424 Wavelet Drive, Pelican Bay, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,498 Sq Ft
price_per_sqft$173.5 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,998 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN23333-1-72
Lot Number72
SubdivisionLakeview Ests - Pelican Bay
Land UseResidential
Legal DescriptionLAKEVIEW ESTS - PELICAN BAY BLOCK 1 LOT 72
Census Tract114203
Assessed Land Value$60,000
Assessed Improvement Value$204,166
Assessment Year2025

About this property

Looking to build a home? Why wait? This brand new construction, bursting with curb appeal, was completed in the Spring of 2021 and is located just minutes from Eagle Mountain Lake! You'll love the open-plan concept, vaulted ceilings and large windows throughout. The kitchen is the heart of the home, complete with large granite island and stainless steel appliances. The master bathroom features double sinks, a garden tub with separate shower and large walk-in closet. The fully-fenced, grassy backyard is perfect for pets and for catching some sun. This stunning home is a short, 3-minute drive or 15-minute walk to Eagle Mountain Lake, so you'll be sure to enjoy the lake life in this property!

Investor Tools

Property Icon
$297,000
Estimated Property Value
$230,753Estimated Mortgage Balance
$66,247Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,872
$264,166
2025
$60,000
$204,166
$264,166
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,872
$264,166

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Lenders Inc
Conventional
$253,170
No
First
Sep 28, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,753
$66,247
22%
78%
$1,518/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: Pelican Bay

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1424 Wavelet Drive | Property Details | No Agent List