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Days33Days on Market
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$3,500,000

15925 Merle Rd, Cypress, TX, 77433

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,042 Sq Ft
Year BuiltBuilt in 1933

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1 acre

Building Information

Year Built1933
Garage Spaces4

Land Information

APN0472000000023
Land UseResidential
Legal DescriptionPT TR 1Q & PT TR 13D (HOMESITE) ABST 547 J W MOODY ABST 1428 D SCHIEL
Census Tract555701
Assessed Land Value$43,560
Assessed Improvement Value$121,432
Assessment Year2025

About this property

Positioned in the path of continued growth in Cypress, this unrestricted 14.6-acre property offers a compelling opportunity for residential, commercial, mixed-use, or specialty development. The tract features approximately 482 feet of frontage on Merle Road, convenient access to US 290, and proximity to established neighborhoods and expanding development. Approximately 13.6 acres currently benefit from an agricultural valuation. Existing improvements include a 2,399-square-foot residence, a 1,962-square-foot barn, private well, septic, and propane service, offering possible interim use during planning or development. Located within Cy-Fair ISD and near multiple municipal utility districts, the property combines acreage, frontage, accessibility, and long-term potential in one of Northwest Harris County’s strongest growth corridors. Buyer to independently verify utilities, permitted uses, drainage, floodplain status, and development requirements.

Investor Tools

$100,851Estimated Mortgage Balance
$166,149Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Brandon Stephens

Keller Williams Brazos West

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,026
$164,992
2025
$43,560
$121,432
$164,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,026
$164,992

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colonial Bank
Unknown
$175,600
No
First
May 20, 2009
Jun 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,851
$166,149
62%
38%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
N/A
+$2,520/mo
11.3%

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.

Explore Texas Explore This Area
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: Cypress

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15925 Merle Rd | Property Details | No Agent List