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Days2465Days on Market
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$310,000

31615 Summit Springs Ln, Spring, TX, 77386

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,834 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.03 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Dryer
FlooringWood

Exterior

Lot Size7,610 sqft

Building Information

Year Built2008
Stories1
Roof Type105
Garage Spaces2

Land Information

APN6121-15-04900
Lot Number18
SubdivisionImperial Oaks Park 15
Land UseResidential
Legal DescriptionS612115 - IMPERIAL OAKS PARK 15, BLOCK 2, LOT 18
Census Tract692008
Assessed Land Value$58,000
Assessed Improvement Value$229,000
Assessment Year2025

About this property

Beautifully upgraded and meticulously maintained 1-story home in sought-after Imperial Oaks! This move-in-ready 3-bedroom, 2-bath home offers wood flooring throughout most of the home, including all bedrooms, an expanded pantry, and abundant custom storage throughout, including the garage. The showstopper is the impressive 25' x 14' covered patio, creating an incredible outdoor living space overlooking a beautifully landscaped, private backyard—perfect for entertaining or relaxing year-round. Enjoy added peace of mind with a whole-home generator & wired surround sound inside and out. Ideally located minutes from I-45, Hardy Toll Road, Grand Parkway, shopping, dining, parks, and The Woodlands, and zoned to sought-after Grand Oaks High School. Enjoy all that Imperial Oaks has to offer, including community parks, pools, walking trails, & a welcoming neighborhood atmosphere. A rare opportunity to own a thoughtfully upgraded, move-in-ready home in one of Spring's most desirable communities!

Investor Tools

$148,406Estimated Mortgage Balance
$194,286Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Monica LaFuente

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$658/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,190
$287,000
2025
$58,000
$229,000
$287,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,190
$287,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Unknown
$176,000
No
First
Aug 17, 2018
Sep 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,406
$194,594
56%
43%
$1,056/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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