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$348,888

NAL Estimated Property Value

1123 Chestnut Ridge Road, Kingwood, TX, 77339

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,170 Sq Ft
price_per_sqft$162.67 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher
FlooringLaminate

Exterior

Lot Size17,851 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN0974860000004
Lot Number4
SubdivisionForest Cove Country Club Estates
Land UseResidential
Legal DescriptionLT 4 BLK 42 FOREST COVE COUNTRY CLUB ESTATES SEC 1
Census Tract251100
Assessed Land Value$121,380
Assessed Improvement Value$227,508
Assessment Year2025

About this property

Welcome to this fully updated home on an oversized lot in the highly sought-after Forest Cove community, nestled in the Livable Forest of Kingwood. Enjoy a spacious kitchen boasting upgraded appliances with refrigerator included, granite counters, and a convenient walk-in pantry. The eat-in breakfast area is perfect for casual dining. Relax in the family room featuring a cozy brick gas log fireplace. The owner's bedroom and bath, located on the lower level, have been completely updated with double sinks, a large tile walk-in shower, and a generous walk-in closet. Laminate flooring and plantation shutters enhance the entire home. Upstairs, discover three ample bedrooms, a full bath, and two built-in desks. Other highlights include a utility room, a half bath, a 14 KW generator, deck, a sprinkler system, and a huge fenced-in backyard with no rear neighbors. Conveniently located with easy access to IH 69. NO flooding. Enjoy all the pools, parks, shopping, restaurants and walking trails!

Investor Tools

Property Icon
$348,888
Estimated Property Value
$320,665Estimated Mortgage Balance
$28,223Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,118 /month
Positive
Cash Flow Estimate:
$706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$412/month
$170/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,205
$348,888
2025
$121,380
$227,508
$348,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,205
$348,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Efinity Financial Inc
Fha
$325,386
Yes
First
Aug 14, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,665
$28,223
8%
92%
$2,021/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$2,191/mo
+$479/mo
9.2%

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: Kingwood

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1123 Chestnut Ridge Road | Property Details | No Agent List