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$400,000

422 Spring Lakes Drive NE, TX, 77373

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths3,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.94 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size14,449 sqft

Building Information

Year Built1999
Garage Spaces2

Land Information

APN1191860010028
Lot Number28
SubdivisionSpring Lakes
Land UseResidential
Legal DescriptionLT 28 BLK 1 SPRING LAKES SEC 1
Census Tract241301
Assessed Land Value$75,642
Assessed Improvement Value$408,918
Assessment Year2025

About this property

Honey stop the car, pull into this gated subdivision with running lakes, master plan community, and a 5-bedroom home with 3+ baths ready for your enjoyment. Take a look at all the accents of this home, from the 2-story foyer, French doors leading to a private study to the right of the front door, Primary bedroom down and 4 bedrooms up with oversized family room up and a den down. The custom kitchen with floor-to-ceiling cabinets, stainless steel appliances, gas 5-burner cooktop makes cooking a joy. As you proceed to the rear of the home, a paradise oasis awaits you with an in-ground lagoon custom pool with a waterfall, and cave like under the water fall leading to an expansive rock creek pool. NO back neighbors and a lot of yard left for ball playing with room to spare. The outdoor kitchen is ready to make this a staycation right at home. This amazing house has a full house generator, roof replaced April 2024, walking distanct from the amenities of the subdivision.

Investor Tools

$488,396Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,907 /month
Positive
Cash Flow Estimate:
$969 /month

Interested in this property?

Thomas Fagen

Keller Williams Realty Professionals

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
$896/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,600
$484,560
2025
$75,642
$408,918
$484,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,600
$484,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$508,250
No
First
Jun 19, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$488,396
N/A
0%
101%
$3,048/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$3,944/mo
$-1,424/mo
6.2%

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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422 Spring Lakes Drive NE | Property Details | No Agent List