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$273,000

NAL Estimated Property Value

14942 Spring Lake Dr, Houston, TX, 77070

$275,713 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,928 Sq Ft
price_per_sqft$150.29 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size7,200 sqft

Building Information

Year Built1975
Stories2
Garage Spaces1

Land Information

APN1059900000003
Lot Number3
SubdivisionHeatherwood Village
Land UseResidential
Legal DescriptionLT 3 BLK 9 HEATHERWOOD VILLAGE SEC 1 R/P
Census Tract554301
Assessed Land Value$66,096
Assessed Improvement Value$170,334
Assessment Year2025

About this property

Discover this charming and updated ranch-style home, situated on an oversized lot in the desirable Heatherwood subdivision. This two-story home offers significant updates, including major plumbing upgrades with PEX water lines and energy-efficient double-pane windows. Inside, you'll find a formal dining area and a spacious living/kitchen combo with high ceilings and ample recessed lighting. Adjacent to the kitchen is an oversized utility room with additional storage cabinets and convenient access to the backyard. The second level features a primary suite with a fully updated en-suite bathroom, as well as two secondary bedrooms sharing a modernized bath. Both the front and backyards are expansive, showcasing mature trees, a shed with electricity, and plenty of room for a pool, playground, or outdoor activities. The home is ideally located with easy access to major freeways, parks, and top-rated schools. Don't miss the opportunity—schedule your appointment today!

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$275,712
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$246/month
$416/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,593
$236,430
2025
$66,096
$170,334
$236,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,593
$236,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$271,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$416/mo
+$1,704/mo
9.3%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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14942 Spring Lake Dr | Property Details | No Agent List