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$244,000

NAL Estimated Property Value

16814 Markridge Dr, Spring, TX, 77379

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,581 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.85 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Trash Compactor, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size7,292 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN1141370210049
Lot Number49
SubdivisionColony Creek Village
Land UseResidential
Legal DescriptionLT 49 BLK 21 017*C6061010-002-021-049 COLONY CREEK VILLAGE SEC 2
Census Tract554103
Assessed Land Value$55,161
Assessed Improvement Value$162,784
Assessment Year2025

About this property

Your next home is located in the Champions Area in Spring, Tx. This charming home is tucked away on a quiet cul-de-sac st in a friendly, wooded community with easy access to freeways and the city's numerous restaurants and stores. The home rests on a sizable lot and offers an open floor plan. A large family room welcomes you inside and draws the eye to the gas fireplace. A vaulted ceiling and an abundance of natural light create a comfortable atmosphere. The adjacent kitchen and breakfast room feature a vaulted ceiling, a spacious window seat, and includes a refrigerator! The primary suite includes a garden tub with a shower head, a double sink vanity, and 2 closets. Relax outdoors where you'll enjoy the spacious backyard from your covered patio. Updates include the hot water heater, attic insulation, A/C, and new siding in 2018; a new cedar fence shared with the back neighbor replaced in 2021; new ductwork, primary bath commode, and microwave in 2022. W/D, Ring & Wifi Thermostat inc.

Investor Tools

Property Icon
$244,000
Estimated Property Value
$211,172Estimated Mortgage Balance
$32,828Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$432/month
$354/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,959
$217,945
2025
$55,161
$162,784
$217,945
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,959
$217,945

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tomo Mortgage Llc
Fha
$223,850
Yes
First
Apr 28, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,172
$36,828
14%
87%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$1,697/mo
+$303/mo
9.8%

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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16814 Markridge Dr | Property Details | No Agent List