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$318,000

NAL Estimated Property Value

3147 Morgan Meadow Ln, Pearland, TX, 77584

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,904 Sq Ft
price_per_sqft$1.31 / sqft
Year BuiltBuilt in 2014

Highlights

Interior

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

Exterior

Lot Size6,143 sqft

Building Information

Year Built2014
Roof Type105
Garage Spaces2

Land Information

APN6888-01-003-0170-907
Lot Number17
SubdivisionShadow Grove Sec 1
Land UseResidential
Legal DescriptionSHADOW GROVE SEC 1, BLOCK 3, LOT 17
Census Tract670700
Assessed Land Value$45,774
Assessed Improvement Value$264,061
Assessment Year2025

About this property

Too cute to pass up. The owners intended on turning this into a home but used it as rental instead. Upgrades galore. Beautiful engineered wood floors. Brand new carpet. Delightful stone counters. Whole house water softner system. Top of the line filter for the kitchen sink. Generous sized island in the kitchen also has room to seat two for a snack or light meal. Upgraded stainless steel kitchen appliances. Living room and backyard patio have sound system already installed. Split bedroom layout. So many windows you'll hardly ever need to use the lights during the day. Or close the 2 inch deluxe blinds and enjoy some coziness. Garage floor sealed and beautiful. Walk out the front door with no front neighbors and a view of one of the community lakes. Tucked away location will make for lighter traffic than normal areas.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,582
$309,835
2025
$45,774
$264,061
$309,835
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,582
$309,835

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$192,000
No
First
Mar 25, 2022
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,976
$159,024
47%
56%
$1,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,152/mo
+$938/mo
7.9%

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: Pearland

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3147 Morgan Meadow Ln | Property Details | No Agent List