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$282,000

NAL Estimated Property Value

2923 Ribbon Creek Way, Spring, TX, 77389

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,640 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.74 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven
FlooringCarpet, Tile

Exterior

Lot Size4,678 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1283430040024
Lot Number24
SubdivisionForest Ridge
Land UseResidential
Legal DescriptionLT 24 BLK 4 FOREST RIDGE SEC 2
Census Tract555200
Assessed Land Value$46,083
Assessed Improvement Value$235,370
Assessment Year2025

About this property

Welcome to this conveniently located 4BR/2.5BA home in Spring. As you step inside, you are greeted by an enormous living room that sets the tone for this spacious property. The kitchen seamlessly flows into the dedicated dining area, featuring a gas cooktop and ample cabinet storage. The lower level master suite boasts an en-suite bath with a soaking tub, walk-in shower, and walk-in closet. Upstairs, an oversized living/flex/game room awaits along with three additional bedrooms, each with their own closets and a shared hall bath. Outside, a fenced backyard with a large covered patio offers the perfect space for relaxation, grilling, or entertaining.

Investor Tools

Property Icon
$282,000
Estimated Property Value
$134,947Estimated Mortgage Balance
$147,053Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,146
$281,453
2025
$46,083
$235,370
$281,453
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,146
$281,453

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$159,300
No
First
Oct 7, 2018
Dec 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,947
$154,053
53%
48%
$956/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,381/mo
+$1,179/mo
10.9%

City: Spring

2923 Ribbon Creek Way | Property Details | No Agent List