Street View

B+

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Owner Contacts

$536,000

16218 Lakewood Grove Dr, Tomball, TX, 77377

Off Market

5 Beds

4 Bath

3,756 Sq Ft

Single Family Residence

$146.17 / sqft

Built in 2000

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size12,023 sqft

Building Information

Year Built2000

Garage Spaces8

Land Information

APN1194730040009

Lot Number9

SubdivisionLakewood Grove

Land UseResidential

Legal DescriptionLT 9 BLK 4 LAKEWOOD GROVE SEC 3

Census Tract554702

Assessed Land Value$94,818

Assessed Improvement Value$405,848

Assessment Year2025

About this property

WOW!! Built by David Powers- Estate Section! 3 car garage PLUS 3 car porte-cochere w/ Wood ceilings + a 10 foot deep garage extension w/ office/workshop! Auto automatic gated entry! 5 beds or 6th if needed! Updates include Roof (2016), Both A/C's (2021) On Demand Water heater, water softener & whole house filter (2017),Porte cochere, porches, outdoor kitchen (2012)! This amazing house has 4 beds & 2 full baths + game room up! Also huge walk in Texas basement for all your storage needs! Primary bedroom down w/ shutters & large walk in closet! Primary bath has Separate Tub/ shower + dual sinks! Formal dining room w/ wood floors, Office area /Formal study w/ Wood floors. Extra room w/ closet is used as exercise room! Family room w/ stone fireplace & wood floors! Spiral staircase in grand entry! Large laundry room w/ ample cabinets! Kitchen is open to family room with breakfast bar area! Large private lot! Tons of closets! Close to shopping, easy access to freeways & restaurants!

Investor Tools

$536,000

Estimated Property Value

$0Estimated Mortgage Balance

$536,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,294 /month

Positive

Cash Flow Estimate:

$1,098 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$526/month

$600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,635

$500,666

2025

$94,818

$405,848

$500,666

Tax History

Year

Tax Paid

Assessed Value

2024

$3,635

$500,666

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$566,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,860/mo

$600/mo

+$2,260/mo

6.4%

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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