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$550,818

16023 Closewood Terrace Drive, Cypress, TX, 77429

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,283 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.73 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,932 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN1234700050006
Lot Number6
SubdivisionColes Crossing
Land UseResidential
Legal DescriptionLT 6 BLK 5 COLES CROSSING SEC 27
Census Tract554409
Assessed Land Value$103,053
Assessed Improvement Value$447,765
Assessment Year2025

About this property

Welcome to this elegant home in the master-planned Coles Crossing community of Cypress! Featuring 3 bedrooms, 2.5 baths, two flex spaces, large covered patio, and a 1.5-story layout by David Weekley Homes. This home offers style and comfort. Inside, you’re greeted by high ceilings, natural light, and an open kitchen flowing into open spaces - perfect for entertaining. Custom touches of exposed brick archways and crown molding blend charm with modern design. Upstairs is a tucked away game room providing fun for all ages. Enjoy peaceful evenings on the covered back patio or stay productive in the bright home office with tall windows. Step outside and relax under your extended patio and enjoy the shade. Experience top-tier community amenities including Coles Lake Park, the Fitness Clubhouse, and Swim Center. Zoned to top-rated Cy-Fair ISD schools. Live in comfort and style! Your new Cypress haven awaits.

Investor Tools

Property Icon
$550,818
Estimated Property Value
$0Estimated Mortgage Balance
$176,375Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,305 /month
Positive
Cash Flow Estimate:
$1,102 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,217
$550,818
2025
$103,053
$447,765
$550,818
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,217
$550,818

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Affinity Llc
Conventional
$380,000
No
First
Jul 10, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$374,443
$176,375
32%
68%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$3,279/mo
$-1,119/mo
4.7%

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: Cypress

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