tomo logo

$1,450,000

Beds
4
Baths
4.5
sq ft
5,790

18505 Michaels Run, Montgomery, TX 77316

18505 Michaels Run

Montgomery, TX 77316

  • 93 days on market
This 1.2 acre sprawling property in Grand Lake Estates boasts prime golf course real estate, located on the 12th hole of the Grand Lake Estates Golf Course. Insulated by a blanket of majestic pine trees, this home enjoys fantastic privacy. A stone and wrought iron fence buffers the estate from the road while three automatic driveway gates provide entrance to a circle driveway for guests as well as a separate driveway and motor court for the homeowners. The home boasts a fantastic flowing floorplan for entertaining and abundant floor to ceiling windows allowing plentiful natural light and pleasing views of the outdoors. The home boasts two bedrooms on the main level, the primary suite on one wing and a secondary bedroom on the other wing. A large game room, media room and gym are located on the upper level along with two secondary bedrooms. The oversized lot can easily accommodate a future pool and spa with generous amounts of yard leftover. Zoned to highly acclaimed Montgomery ISD.

Details

Property type

Single Family Residence

Est. home value

$1,195,332

Lot size

1.20 acres

Price per sq ft

$251

Year built

2006

Annual property taxes

$22,290

Monthly HOA fee

$70.42

Price History

04/05/2024
Houston

Houston #97418302

Listed
$1,450,000
06/30/2023
Houston

Houston #72849040

Removed
09/24/2020
Houston

Houston #61627903

Removed

Schools & Community

Elementary school: 

KEENAN ELEMENTARY SCHOOL

Middle school: 

OAK HILL JUNIOR HIGH SCHOOL

High school: 

LAKE CREEK HIGH SCHOOL

School district: 

Montgomery

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$518,487
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$815,513
Cash to seller
$518,487

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

June 2023

Original loan amount

$825,000

Est. remaining balance

$815,513

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Alejandro Jacir and Raquel Alicia Teran

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Houston
$1,350,000
4 bd
|
4.5 ba
|
4,194 sq ft
|
House

18425 Gary Player Dr, Montgomery, TX 77316

Houston
$1,389,900
4 bd
|
5 ba
|
4,545 sq ft
|
House

10631 Crystal Cove Dr, Magnolia, TX 77354

Houston
$1,250,000
4 bd
|
4.5 ba
|
3,768 sq ft
|
House

23502 High Meadow Estates Dr, Montgomery, TX 77316

Status: Active

Tomo last checked: 07/07/2024 at 5:10 PM

Listing updated: 04/06/2024 at 1:07 PM

Listed by: Mariela Campalans, Martha Turner Sotheby's International Realty - The Phone #: (281) 367-7637

MLS: Houston #97418302

Houston logo

Recently listed in Montgomery