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$525,000

NAL Estimated Property Value

29040 E Lake Dr, Hempstead, TX, 77445

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,966 Sq Ft
price_per_sqft$223.3 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size2.12 acres

Building Information

Year Built1983
Stories1
Garage Spaces6

Land Information

APN574000-039-000-000
Lot Number39
SubdivisionLynnwood Lakes
Land UseResidential
Legal DescriptionS574000 LYNNWOOD LAKES LOT 39 ACRES 2.12
Census Tract680502
Assessed Land Value$89,040
Assessed Improvement Value$298,730
Assessment Year2025

About this property

Come see this GREAT country home on a 2.12 acre corner lot in Hempstead, Texas.! White wood fencing hugs the whole property, includes 3 gated entries, with the main front gate being remote control. Home sits on a slight hill, high and dry and never has flooded. Property has scattered trees throughout and so peaceful...This home is super solid!! Some updates are PEX PLUMBING, Aerobic septic system, new Low E windows!! Fireplace has been redone with limestone! Home has been very loved by current owners! Ask for a list of updates. Now it is your turn to add your special touches where they left off. Very light deed restrictions for your protection. OVERSIZED detached garage. Don't miss this one!

Investor Tools

Property Icon
$525,000
Estimated Property Value
$389,387Estimated Mortgage Balance
$135,613Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$260/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,930
$387,770
2025
$89,040
$298,730
$387,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,930
$387,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M Squared Financial Llc
Conventional
$411,350
No
First
Jun 12, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,387
$135,613
25%
74%
$2,467/mo

City: Hempstead

29040 E Lake Dr | Property Details | No Agent List