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$416,000

NAL Estimated Property Value

3118 Lake Island Drive, Montgomery, TX, 77356

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,715 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.83 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Double Oven, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size10,188 sqft

Building Information

Year Built1983
Stories2
Roof Type105
Garage Spaces2

Land Information

APN9455-09-09900
Lot Number57
SubdivisionWalden 09
Land UseResidential
Legal DescriptionWALDEN 09, BLOCK 50, LOT 57
Census Tract694306
Assessed Land Value$117,162
Assessed Improvement Value$281,729
Assessment Year2025

About this property

Traditional Custom home on Walden's Golf Course on Lake Conroe with serene views a multiple fairways and pond! This home has all one could want! Spacious Master is down with pretty bath, great closets and fireplace. The large central living room has a brick fireplace, wet bar, wood flooring, a wall of windows and a corner wet bar for entertaining. There is a formal dining and study as one enters. The kitchen has abundant storage and granite adorns the countertops. The breakfast area is surrounded with windows to take in the views of the golf course. Upstairs are 3 additional bedrooms all of nice size. One has a private balcony overlooking the golf course. One drives up on a circular driveway with a spacious garage with plenty of room for a golf cart. This is a very charming home! All brick with vinyl soffetts. Golf Membership is available!

Investor Tools

Property Icon
$416,000
Estimated Property Value
$203,791Estimated Mortgage Balance
$212,209Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,496 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$698/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,292
$398,891
2025
$117,162
$281,729
$398,891
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,292
$398,891

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$226,640
No
First
Feb 5, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,791
$212,209
51%
49%
$1,359/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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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: Montgomery

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3118 Lake Island Drive | Property Details | No Agent List