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$1,050,000

1702 Cranway Dr, Houston, TX, 77055

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,808 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$580.75 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size11,400 sqft

Building Information

Year Built1956
Garage Spaces2

Land Information

APN0802300000063
Lot Number63
SubdivisionSpringwood
Land UseResidential
Legal DescriptionLT 63 BLK 7 SPRINGWOOD
Census Tract520700
Assessed Land Value$513,000
Assessed Improvement Value$171,120
Assessment Year2025

About this property

Beautifully reimagined ranch-style home on a picturesque tree-lined street with designer finishes throughout. The thoughtfully redesigned kitchen was taken to the studs and showcases a panel-ready Sub-Zero refrigerator, La Cornue range, Thermador dishwasher, oversized island, custom cabinetry, designer lighting, and striking quartzite countertops and full-height backsplash. The inviting living room features recently refinished hardwood floors, fireplace and French doors that open to the backyard, creating seamless indoor-outdoor living. A beautifully renovated mudroom offers custom built-ins, brick paver flooring, and quartzite countertops. The serene primary suite includes dual closets, double vanities, and a spacious walk-in shower. Outdoors, enjoy an exceptional entertaining space with a covered patio, summer kitchen, and recent cedar deck framing and beams, all overlooking a generously sized backyard with ample room for recreation, pets, or future enhancements.

Investor Tools

Property Icon
$797,000
Estimated Property Value
$572,025Estimated Mortgage Balance
$229,123Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

Interested in this property?

Lauren Harris

Keller Williams Realty Metropolitan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$846/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,173
$684,120
2025
$513,000
$171,120
$684,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,173
$684,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$572,025
No
First
Mar 6, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$567,877
$229,123
28%
71%
$3,430/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,430/mo
$-1,708/mo
2.6%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1702 Cranway Dr | Property Details | No Agent List