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$394,454

NAL Estimated Property Value

1507 Melissa Drive, Spring, TX, 77386

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,400 Sq Ft
price_per_sqft$205.88 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Dryer Included, Refrigerator Included, Washer Included, Gas Oven, Microwave, Dishwasher
FlooringSlate, Stone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesSprinkler System
Lot Size20,200 sqft

Building Information

Year Built1999
Stories1
Roof Type112
Garage Spaces2

Land Information

APN8992-01-02600
Lot Number26
SubdivisionSpring Hills North 01
Land UseResidential
Legal DescriptionSPRING HILLS NORTH 01, LOT 26
Census Tract691900
Assessed Land Value$36,360
Assessed Improvement Value$358,094
Assessment Year2025

About this property

PLS NOTE: This property features 2 separate buildings— main residence of approx. 2600 sqft. and a separate custom-built 800 sqft. guest apartment w/ private courtyard entrance, 14ft ceilings, washer & dryer, and Thermador appliances—ideal for guests, multigenerational living, or Airbnb use. Custom-built home on approx. 0.46 acres just minutes from The Woodlands Waterway, shopping, dining, and major freeways! This uniquely designed residence offers 4BR, 3baths, and TWO primary suites—an ideal flexible layout. Exceptional craftsmanship includes custom-milled trim and cabinetry, stone and Brazilian Ipe flooring, tongue-and-groove ceilings, and all-new LED lighting throughout. Gourmet kitchen with Viking and Sub-Zero appliances. Additional highlights include a durable metal roof, attached garage & whole-house generator for peace of mind. Outdoor living features a saltwater pool and Brazilian Ipe deck for entertaining. A distinctive property combining quality, character, and functionality.

Investor Tools

Property Icon
$394,454
Estimated Property Value
$0Estimated Mortgage Balance
$394,454Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$411/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,959
$394,454
2025
$36,360
$358,094
$394,454
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,959
$394,454

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$394,454
100%
0%
$0/mo

City: Spring