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$429,990

15819 Formaston Forest Dr, Humble, TX, 77346

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,611 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.68 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size6,878 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN1406780050005
Lot Number5
Land UseResidential
Legal DescriptionLT 5 BLK 5 BALMORAL SEC 15
Census Tract250408
Assessed Land Value$62,375
Assessed Improvement Value$319,219
Assessment Year2025

About this property

Stunning modern-style home nestled on a quiet cul-de-sac street in the master-planned community of Balmoral! This exceptional floor plan offers two bedrooms on the first floor, including the primary suite, plus a private study. Upgrades include: wood-look porcelain tile flooring, elegant iron staircase spindles, plantation shutters & much more. The gourmet kitchen is a showstopper, featuring stainless steel appliances, quartz countertops, oversized island, herringbone-pattern subway tile backsplash & a huge walk-in pantry. Primary suite complete with spa-inspired bath with dual vanities, a large shower & walk-in closet. Bonus feature is the direct access from the primary closet to the utility room for added convenience. Upstairs has a massive game room along with two secondary bedrooms. Step outside to your own private Texas paradise with an incredible oversized covered patio featuring tongue-and-groove ceilings, a striking stone accent wall, built-in storage, & mini refrigerator!

Investor Tools

$275,812Estimated Mortgage Balance
$135,742Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
$1,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,077
$381,594
2025
$62,375
$319,219
$381,594
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,077
$381,594

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Shea Mortgage Inc
Conventional
$308,572
No
First
Dec 18, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$275,812
$135,188
32%
67%
$1,851/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$3,151/mo
$-191/mo
8.6%

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: Humble

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15819 Formaston Forest Dr | Property Details | No Agent List