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$316,000

2223 Megellan Point Ln, Pearland, TX, 77584

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.4 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Range, Gas Oven
FlooringCarpet, Tile

Exterior

Lot Size6,861 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7502-3401-040
Lot Number40
SubdivisionShadow Creek Ranch Sf1-Sf2-Sf3-Sf4-Sf5-S
Land UseResidential
Legal DescriptionSHADOW CREEK RANCH SF-34, BLOCK 1, LOT 40
Census Tract660605
Assessed Land Value$41,150
Assessed Improvement Value$247,130
Assessment Year2025

About this property

**Multiple offers situation! Deadline to submit your client's complete Highest and Best offer by Friday, May 8 at 3PM.** Welcome home to your 1 story complete with 3 bedrooms, 2 full bathrooms, formal dining, Texas-size patio and no backyard neighbors! Open and airy, split floorplan with a fantastic flow, entertaining areas with laminate wood flooring and bedrooms with recently replaced carpet, light grey walls for easy decorating and fresh updated feel. Craftsman details throughout such as crown molding, wainscoting trim and and vaulted ceilings. Remodeled kitchen complete with bright white 42" cabinets and hardware, herringbone subway tiling, pendant lighting, stainless steel appliances plus an island! All bedrooms with ceiling fan, 2” faux wood blinds and plush carpet. Living room with high ceiling, gas log fireplace, gorgeous mantle and plenty of room to host Christmas and Thanksgiving. Superior location -min from Btwy 8, 288, Pearland Town Center, TMC, restaurants and shopping.

Investor Tools

Property Icon
$316,000
Estimated Property Value
$192,400Estimated Mortgage Balance
$88,526Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$565/month
$977/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,195
$288,280
2025
$41,150
$247,130
$288,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,195
$288,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Fha
$192,400
Yes
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,474
$91,526
28%
72%
$1,502/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.

Explore Texas Explore This Area
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: Pearland

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