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$336,000

246 Castlewood Dr, Spring, TX, 77386

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,917 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.67 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Electric Oven, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size32,818 sqft

Building Information

Year Built1968
Stories2
Roof Type127
Garage Spaces2

Land Information

APN7640-04-48400
Lot Number484-485
SubdivisionOak Ridge North 04
Land UseResidential
Legal DescriptionOAK RIDGE NORTH 04, LOT 484,485
Census Tract691802
Assessed Land Value$75,400
Assessed Improvement Value$242,236
Assessment Year2025

About this property

Location, location, location! This home is in the coveted Oak Ridge North subdivision with LOW TAXES @ 2.03% & no HOA. Fabulous opportunity to purchase a spacious 5-bedroom 2.5 bath home with 3 car garage on huge 32,000 square foot corner lot. This is actually a double lot with an oversized detached 3 car garage, circle drive in front of home and plenty of yard. 1st time on the market from original owners. Built in 1968. ESTATE SALE - selling AS IS. Wonderful opportunity to transform this home into your own or as an investment. Formal Living and Dining Rooms, primary bedroom on 1st floor and huge family room with gas fireplace. Upstairs has 4 bedrooms with a full bath and plenty of closet space. Close to I45, The Woodlands Mall & all the amenities. Wonderful opportunity for a fixer upper!

Investor Tools

Property Icon
$336,000
Estimated Property Value
$264,000Estimated Mortgage Balance
$75,861Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,016 /month
Positive
Cash Flow Estimate:
$672 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$668/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,341
$317,636
2025
$75,400
$242,236
$317,636
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,341
$317,636

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crystal Clear Mortgage Llc
Conventional
$264,000
No
First
Jul 1, 2025
Aug 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,139
$72,861
21%
77%
$1,583/mo

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.

Explore Texas Explore This Area
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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