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$421,000

NAL Estimated Property Value

55 Lakeridge Dr, The Woodlands, TX, 77381

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,989 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$0.98 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size5,488 sqft

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces2

Land Information

APN9712-03-04900
Lot Number21
SubdivisionWdlnds Forest Lake 03
Land UseResidential
Legal DescriptionS971203 - WDLNDS FOREST LAKE 03, BLOCK 2, LOT 21
Census Tract691100
Assessed Land Value$50,000
Assessed Improvement Value$353,961
Assessment Year2025

About this property

Lovely updated townhome in central Woodlands neighborhood of Forest Lake. First time offered for lease! Two story w 3 beds, 2.5 bath, 2 car attached garage. Wood and wood look tile thruout...NO CARPET. Open floor plan w both living, den & formal dining on lst floor; all beds up. Granite counters in kitchen & baths; complete master bath remodel w huge full glass shower. Charming master bedroom has screened-in porch; upstairs reading nook/loft just outside of the two secondary bedrms. New stainless steel refrigerator, range & microwave in kitchen & freshly painted cabinets. Large fenced backyard. Close to parks, ponds, schools, shopping! Home is meticulous and ready for immediate occupancy.

Investor Tools

Property Icon
$421,000
Estimated Property Value
$0Estimated Mortgage Balance
$421,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,526 /month
Positive
Cash Flow Estimate:
$842 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$804/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,545
$403,961
2025
$50,000
$353,961
$403,961
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,545
$403,961

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$422,000
100%
0%
$0/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: The Woodlands

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55 Lakeridge Dr | Property Details | No Agent List