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$348,766

NAL Estimated Property Value

16907 Summit Oaks Ln, Spring, TX, 77379

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,637 Sq Ft
price_per_sqft$111.87 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringLaminate

Exterior

Lot Size9,766 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN1055140000007
Lot Number7
SubdivisionMemorial Northwest
Land UseResidential
Legal DescriptionLT 7 BLK 8 017*M1876900-003-008-007 MEMORIAL NORTHWEST SEC 3 R/P
Census Tract556100
Assessed Land Value$63,536
Assessed Improvement Value$285,230
Assessment Year2025

About this property

This beautifully updated rare one-story home in Memorial Northwest on a large corner lot offers an attached 3-car garage and no Harvey flooding. Featuring high ceilings, an open floor plan, and a stunning atrium visible throughout, the home boasts travertine and wood laminate floors, energy-efficient double-paned windows, and abundant natural light. The island kitchen is a chef's dream, with custom cabinets and all appliances included. Access to a spacious backyard patio and large corner lot backyard. Enjoy the formal dining, wet bar, and massive primary suite and ensuite bath. Home features abundant storage, one story living and a peaceful and quiet community. Bring your vision to life with some TLC to make this your dream home for less! All appliances included with sale!

Investor Tools

Property Icon
$348,766
Estimated Property Value
$227,965Estimated Mortgage Balance
$120,801Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,093 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$586/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,292
$348,766
2025
$63,536
$285,230
$348,766
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,292
$348,766

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$231,000
No
First
Aug 14, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,965
$120,801
34%
65%
$1,385/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$2,335/mo
+$255/mo
8.9%

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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