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$699,900

12842 Pelican Island Dr, Willis, TX, 77318

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,990 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$351.71 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesBack Green Space, Side Yard, Sprinkler System
Lot Size5,878 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7851-00-00600
Lot Number6
SubdivisionPelican Island
Land UseResidential
Legal DescriptionS785100 - PELICAN ISLAND, BLOCK 1, LOT 6
Census Tract694210
Assessed Land Value$76,414
Assessed Improvement Value$514,477
Assessment Year2025

About this property

Nestled in the exclusive gated community of Pelican Bay & Island, charming lakefront home offers serene living with exquisite views. The move-in ready, single-story residence boasts a primary suite with breathtaking lake views, en-suite bath with a standalone shower, soaking tub, double sinks, dual closets and automatic window coverings. Two additional guest rooms with one also offering lake views. Both guest rooms offer generous closets. Guest bath features spacious sink area and shower/tub combo. The living area is adorned with window-walls that frame beautiful scenes of the lake. The kitchen, equipped with stainless steel appliances, includes a breakfast area, home office nook, breakfast bar and skylights. Formal dining and a breakfast area complete the inviting space. Utility room with utility sink, spacious garage & dedicated workshop area. Wrap around deck & green space are rare finds! Roof & skylights replaced in 2025, Bulkhead & Deck in 2022, Kitchen & Cabinets painted in 2020.

Investor Tools

$64,523Estimated Mortgage Balance
$526,368Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,199 /month
Positive
Cash Flow Estimate:
$1,400 /month

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Lorie Witherspoon

Century 21 Lucky Money

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$586/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,083
$590,891
2025
$76,414
$514,477
$590,891
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,083
$590,891

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Unknown
$70,000
No
First
Aug 1, 2022
Aug 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,523
$526,368
89%
11%
$420/mo

City: Willis

12842 Pelican Island Dr | Property Details | No Agent List