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$517,000

NAL Estimated Property Value

7187 Clearwater Drive, Willis, TX, 77318

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,377 Sq Ft
price_per_sqft$132.52 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Refrigerator, Washer, Microwave, Gas Cooktop, Electric Oven
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size40,311 sqft

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces2

Land Information

APN8625-01-18600
Lot Number12-13
SubdivisionSeven Coves 01
Land UseResidential
Legal DescriptionS862501 - SEVEN COVES 01, BLOCK 6, LOT 12, 13, 34, 35
Census Tract694206
Assessed Land Value$322,488
Assessed Improvement Value$310,236
Assessment Year2025

About this property

Want a spectacular Setting near the lake? The awesome patio and pergola enhance your outdoor entertaining, not to mention Resort Luxury in your backyard with this beautiful built-in swimming pool and hot tub. Perky modern kitchen with cozy breakfast bar was updated with countertops, stainless steel appliances, lighting fixtures and paint. All the updates have been done for you including Anderson Windows with lifetime warranty, flooring, coping, plaster and lights on pool and painting. Enormous extra bedroom will give you plenty of extra room for additional uses. This 4 bedroom, 3.5-bath home located on two lots makes it easy for you to take it easy.

Investor Tools

Property Icon
$517,000
Estimated Property Value
$348,970Estimated Mortgage Balance
$168,030Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,102 /month
Positive
Cash Flow Estimate:
$1,034 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$889/month
$850/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,087
$517,000
2025
$322,488
$310,236
$632,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,087
$517,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trinity Oaks Mortgage Llc
Conventional
$380,000
No
First
Jan 25, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,970
$168,030
32%
67%
$2,279/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.

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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: Willis

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7187 Clearwater Drive | Property Details | No Agent List