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$416,000

723 N Elder Grove Drive, Pearland, TX, 77584

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,696 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.8 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,349 sqft

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APN7938-8003-006
Lot Number6
SubdivisionThe Lakes At Countryplace Sec 1 Thru 8,
Land UseResidential
Legal DescriptionTHE LAKES AT COUNTRYPLACE SEC 8 (A0510 F B DRAKE), BLOCK 3, LOT 6
Census Tract660608
Assessed Land Value$71,390
Assessed Improvement Value$299,720
Assessment Year2025

About this property

LOAN FELL THROUGH. BACK ON THE MARKET Ready for move-in high ceiling home with abundant windows for that morning sunlight. Home is well kept from original owners, manned gate community, surrounded by greens and lakes of The Pearland Golf Club and Clear Creek Golf Club. Huge paved backyard - perfect for a pool. Good size bedrooms. Many energy efficiency and updates: 2 years old roof, recently 2 new Trane AC units, water heater, master bathroom shower door replaced, Simonton double pane argon gas windows, and Levolor blinds. Close proximity to Hobby Airport, SH 288, FM 518, Sam Houston Toll/Beltway 8 and minutes away from First Colony Mall, Downtown, and Medical Center.

Investor Tools

Property Icon
$416,000
Estimated Property Value
$0Estimated Mortgage Balance
$156,020Estimated Equity
100% 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
$915/month
$1,671/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,901
$371,110
2025
$71,390
$299,720
$371,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,901
$371,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc
Conventional
$280,000
No
First
Jul 5, 2022
Jul 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,980
$156,020
37%
62%
$1,679/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: Pearland

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723 N Elder Grove Drive | Property Details | No Agent List