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$815,000

1535 Spring Hills Drive, TX, 77386

On MarketInfo
Beds6 Beds
Baths4 Bath
Baths3,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.9 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size2.57 acres

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces4

Land Information

APN8990-01-01400
Lot Number14
SubdivisionSpring Hills 01
Land UseResidential
Legal DescriptionSPRING HILLS 01, LOT 14
Census Tract691900
Assessed Land Value$201,925
Assessed Improvement Value$351,160
Assessment Year2025

About this property

Unique One-Story on 2.57 Unrestricted Acres - Residential or Commercial Use Potential! This spacious 6-bedroom, 3.5-bath home offers over 3,100 square feet of living space on a private, wooded 2.57-acre lot in Spring Hills. Located just minutes from The Woodlands, seconds from Rayford Rd. this property provides a rare opportunity for residential living or light commercial use. Features include an open-concept living area, a sunroom, and a versatile flex room. The home is ideal for a multi-generational setup, home-based business, Airbnb, a combination of all of the above, or anyone needing space and flexibility. Features include a 2-story Workshop with ½ bath, a carport (2) attached to the home, carport (2) attached to the workshop. The roof was replaced in 2023. No Flooding. The lot is partially cleared with plenty of space for additional structures, RV parking, a shop, or even expansion. With no HOA and a low tax rate, this property is a rare find with tons of potential.

Investor Tools

$3,390Estimated Mortgage Balance
$652,610Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,890 /month
Positive
Cash Flow Estimate:
$1,630 /month

Interested in this property?

Kelly Lawson

Walzel Properties - Conroe

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,851
$342,463
2025
$201,925
$351,160
$553,085
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,851
$342,463

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Suntrust Mortgage Inc
Unknown
$145,000
No
First
May 15, 2009
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,390
$652,610
99%
1%
$0/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: Spring

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1535 Spring Hills Drive | Property Details | No Agent List