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Montgomery 77316 Grand Lake Estates
18544 Michaels Run
$105,000 Last Listed Price
● Land - Off Market

18544 Michaels Run

Montgomery, TX 77316
bedrooms
Studio
bathrooms
0 Bath
$137,953
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Absolutely lovely wooded lot in gated community with rolling hills, lakes for fishing, a park and an 18-hole Gary Player designed golf course. This lot is located toward the back of Grand Lake Estates and backs up to a beautiful forest preserve!  Consider the privacy you will get with this lot!  This community is zoned to NEW state-of-the-art schools in Montgomery ISD and is one of the most desirable locations to live in Montgomery.  Walk this gorgeous lot, bring your builder and plan your future home! Call me to today to schedule your appointment to see this little slice of heaven.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$80
HOA Dues
$700
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (HAR #78928425)

Price History

Date / Event Date Event Price
Dec 3, 2020 Sold
Premium
Sold
Nov 14, 2020 Listed by CB & A, Realtors $105,000
Listed by CB & A, Realtors
Absolutely lovely wooded lot in gated community with rolling hills, lakes for fishing, a park and an 18-hole Gary Player designed golf course. This lot is located toward the back of Grand Lake Estates and backs up to a beautiful forest preserve! Consider the privacy you will get with this lot! This community is zoned to NEW state-of-the-art schools in Montgomery ISD and is one of the most desirable locations to live in Montgomery. Walk this gorgeous lot, bring your builder and plan your future home! Call me to today to schedule your appointment to see this little slice of heaven.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRAND LAKE ESTATES 10
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: GRAND LAKE ESTATES 10, BLOCK 1, LOT 12, ACRES 1.000

Neighborhood

  • School District Name: Montgomery Independent School District
  • School Tax School District: MONTGOMERY ISD
  • Census Tract: 694502

Geography

  • Parcel: 5390-10-01200
  • Block: 1
  • Lot: 12
  • Latitude: 30.2736
  • Longitude: -95.6478

    Address

  • Full Address: 18544 Michaels Run
  • Address - House Number: 18544
  • Address - Street Name: Michaels
  • Address - Suffix Type: Run
  • State: TX
  • City Name: Montgomery
  • Carrier Code: R048
  • 4-Digit Zip Code: 3202
  • Zip Code: 77316

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $899,324
  • Tax Rate Code Area: SMO

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 69
  • Final Value: 648,470
  • High Value: 791,470
  • Low Value: 505,471

    Market Valuation

  • Market Total Value: $625,340
  • Market Land Value: $100,000
  • Market Improvement Value: $657,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $625,340
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $657,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021131840
  • Previous Sale Recording Date: Dec 03, 2020
  • Previous Sale Contract Date: Dec 03, 2020
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Grand Lake Estates

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$269

Below Asking

0.01%

Average Days on Market

58

Average Home Size

4053 ft²

Average Home Age

11.2 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 40741 Mostyn Lake Drive, Magnolia, TX, 77354

$2,050 /mo

  • 3 Beds
  • 2 Baths
  • 1,392 ft²
40741 Mostyn Lake Drive, Magnolia, TX, 77354 Listing by Evan Ballew

Rentals Near You

Click here to view more rentals in the neighborhood.
HAR

Listed by: Lindsay Landin, CB & A, Realtors
Last Updated: 5 months ago
Data Source: HAR , MLS# 78928425
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 18544 Michaels Run built and last sold?
The property at 18544 Michaels Run was built in and last sold on Sep 21, 2021 for $458,800.
How much is this home worth?
The estimated value of the home located at 18544 Michaels Run is $106,050.
What are some comparable homes to 18544 Michaels Run?
There are currently no comparable homes to 18544 Michaels Run.
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