1view

Owner Contacts

$395,000

26018 S Lakefair Drive, Richmond, TX, 77406

Pending

5 Beds

4 Bath

2,895 Sq Ft

Single Family Residence

$136.44 / sqft

Built in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Dishwasher, Refrigerator

FlooringCarpet, Laminate, Tile

Exterior

Lot Size9,350 sqft

Building Information

Year Built2005

Stories2

Roof Type105

Garage Spaces2

Land Information

APN2258-01-002-0450-901

Lot Number45

SubdivisionCanyon Springs At Westheimer Lakes Sec 1

Land UseResidential

Legal DescriptionCANYON SPRINGS AT WESTHEIMER LAKES SEC 1, BLOCK 2, LOT 45

Census Tract673402

Assessed Land Value$78,787

Assessed Improvement Value$361,419

Assessment Year2025

About this property

Beautiful LAKEVIEW home in gated Westheimer Lakes with 5 beds & 3.5 baths. Brick exterior with wrought iron fencing, welcomes you into a functional layout with formal dining and a versatile flex space ideal for a home office. Living room showcases a cozy fireplace, wet bar, & large windows framing serene lake views. Open-concept kitchen offers quartz countertops, center island, stainless steel appliances, breakfast area, & abundant cabinetry. First floor includes two beds, including the primary suite with patio access, dual sinks, soaking tub, separate shower, and walk-in closet, plus a half bath for guests. Upstairs, a spacious game room & 3 secondary beds, including a Jack-and-Jill bath & an additional full bath. Enjoy a covered patio overlooking the lake—perfect for your outdoor activities. Community amenities include pool, splash pad, clubhouse, playground, and sports courts. Easy access to Grand Parkway(TX-99), Westpark Tollway, & FM 1093 with nearby shopping and dining. LOW TAX

Investor Tools

$234,217Estimated Mortgage Balance

$205,989Estimated Equity

46% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,641 /month

Positive

Cash Flow Estimate:

$880 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$794/month

$1,015/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,332

$440,206

2025

$78,787

$361,419

$440,206

Tax History

Year

Tax Paid

Assessed Value

2025

$7,332

$440,206

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pennymac Loan Services Llc

Conventional

$256,000

First

Nov 30, 2021

Dec 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$234,217

$205,989

46%

53%

$1,535/mo

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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