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$492,000

NAL Estimated Property Value

1686 Sapp Road, Conroe, TX, 77304

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,568 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$382.02 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.70 acres

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0009-01-05500
SubdivisionCorner Mary
Land UseResidential
Legal DescriptionA0009 CORNER MARY, TRACT 55, ACRES 2.700
Census Tract694401
Assessed Land Value$108,000
Assessed Improvement Value$125,341
Assessment Year2024

About this property

Tenant occupied, income producing property located on a prime 2.7-acre lot, strategically positioned between SH-105 and FM 2854 within the fast growing city of Conroe's ETJ. Current structures can be used as either residential or commercial space, featuring both a house and a well-equipped shop, ideal for a variety of uses. Situated adjacent to a newly established residential development comprising over 300 homes, this property benefits from a bustling and rapidly expanding community and could be developed as a retail center, day care or storage facility. The location offers good visibility, accessibility, and convenience in one of the fastest growing cities in the country.

Investor Tools

Property Icon
$492,000
Estimated Property Value
$441,596Estimated Mortgage Balance
$50,404Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$577/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,464
$233,341
2024
$108,000
$125,341
$233,341
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,464
$233,341

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Skypoint Federal Credit Union
Commercial
$458,800
No
First
Apr 19, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$441,596
$50,404
10%
90%
$2,751/mo

City: Conroe

1686 Sapp Road | Property Details | No Agent List