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B+
NoAgentList RatingHow are grades calculated? Info

$423,479

16822 Park Island Ct, Tomball, TX, 77377

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,535 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.43 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,446 sqft

Building Information

Year Built1998
Garage Spaces2

Land Information

APN1181570010012
Lot Number12
SubdivisionLakewood Forest
Land UseResidential
Legal DescriptionLT 12 BLK 1 LAKEWOOD FOREST SEC 18
Census Tract554600
Assessed Land Value$78,414
Assessed Improvement Value$345,065
Assessment Year2025

About this property

Custom Masterpiece by Wystar Builders, Inc. Lovingly maintained by the original owners, this stunning home blends timeless elegance with quality craftsmanship and thoughtful design. Located on a quiet double cul-de-sac, curb appeal with iron/brass mailbox, custom white-dyed brick mortar, and striking “City Hall” brick exterior, gorgeous landscaping. Every inch of this home reflects meticulous attention to detail, from the LeafGuard gutter system to the professionally designed landscaping. Step inside to a dramatic foyer crowned by a historical replica chandelier and custom millwork by the renowned Dominguez Brothers. Iconic Schumacher wallpaper adds distinctive flair, while plantation shutters highlight the crown molding and ceiling medallions. The kitchen boasts 18th-century Key-Hole style brass hardware, offering a refined nod to the past. Annual servicing of all mechanical and plumbing systems ensures the home is as functional as it is beautiful. Highly acclaimed Tomball ISD

Investor Tools

Property Icon
$423,479
Estimated Property Value
$172,300Estimated Mortgage Balance
$293,806Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,577 /month
Positive
Cash Flow Estimate:
$859 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$219/month
$705/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$505
$423,479
2025
$78,414
$345,065
$423,479
No

Tax History

Year
Tax Paid
Assessed Value
2024
$505
$423,479

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Green Tree Servicing Llc
Conventional
$172,300
No
First
Jan 27, 2015
Mar 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,673
$293,806
69%
31%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
$705/mo
+$1,505/mo
6.3%

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: Tomball

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16822 Park Island Ct | Property Details | No Agent List