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$239,000

NAL Estimated Property Value

15341 Fm 1485 Rd, Conroe, TX, 77306

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,354 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.55 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesMicrowave, Electric Range, Electric Oven
FlooringCarpet, Tile

Exterior

Lot Size28,793 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN9729-00-05001
SubdivisionWoodland Forest Acres
Land UseResidential
Legal DescriptionWOODLAND FOREST ESTATES, RES C-1, ACRES .661 LABEL# UNK
Census Tract692701
Assessed Land Value$5,949
Assessed Improvement Value$42,899
Assessment Year2025

About this property

Welcome to this charming 2 bedroom, 1 bath home situated on an oversized 28,000+ sq ft residential/commercial lot on FM 1485, down the street from TX-242 and a quick 15-minute drive to I-59/69. This property offers a unique opportunity with no restrictions, making it ideal for residential living and business ventures. The home itself features high ceilings, wood-look tile flooring throughout the main living areas, and an open-concept kitchen and dining area complete with stainless steel appliances. Both bedrooms are generously sized, offering comfort and flexibility. Additionally, the property includes a second electricity and water line, perfect for adding another structure, workshop, or RV setup. With a prime location, ample space, and unrestricted zoning, this property is a rare find with endless potential for homeowners, investors, or entrepreneurs looking to create something truly their own. You won't want to miss out!

Investor Tools

Property Icon
$239,000
Estimated Property Value
$238,193Estimated Mortgage Balance
$807Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$786
$48,848
2025
$5,949
$42,899
$48,848
No

Tax History

Year
Tax Paid
Assessed Value
2024
$786
$48,848

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dept Of Housing & Cmnty Affairs
Stand Alone Second / Subordinate Position
$239,580
No
First
Jan 12, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,193
N/A
0%
100%
$1,437/mo

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: Conroe

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15341 Fm 1485 Rd | Property Details | No Agent List