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$285,000

538 Enchanted Ln, Spring, TX, 77388

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,017 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.3 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Oven, Electric Range, Dishwasher
FlooringBamboo, Carpet, Tile, Vinyl Plank

Exterior

Exterior FeaturesSide Yard
Lot Size8,642 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN1051870000044
Lot Number44
SubdivisionEnchanted Oaks
Land UseResidential
Legal DescriptionLT 44 BLK 13 ENCHANTED OAKS SEC 4 R/P
Census Tract553405
Assessed Land Value$58,032
Assessed Improvement Value$271,271
Assessment Year2025

About this property

Anything but ordinary - Contemporary loft inspired 1-story home with open floor plan on culdesac lot with skylights and walls of windows that fill the space with incredible natural light. Durable LVP flooring in main rooms. Large living spaces - perfect for sectional seating and big screen tvs. Living area with corner stone fireplace and wet bar. Remodeled kitchen with granite counters, stainless appliances, subway tile backsplash, and breakfast bar with seating. Primary bedroom suite with skylight, remodeled bathroom, and large walk-in closet. Extensive REMODEL in 2018 included kitchen, bathrooms, water heater, HVAC, and roof. Refrigerator, washer & dryer INCLUDED. Double Pane windows. Zoned to award winning Klein schools. Wooded neighborhood of Enchanted Oaks is minutes to I45 for easy commuting to downtown Houston, over to IAH airport, and to the Woodlands. Close to 60 acre Forest Oaks Park with stocked fishing lakes, picnic pavilions, playground, and walking/jogging trails

Investor Tools

$237,443Estimated Mortgage Balance
$93,179Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,976 /month
Positive
Cash Flow Estimate:
$659 /month

Interested in this property?

Jill Wente

BHGRE Gary Greene

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$633/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,949
$329,303
2025
$58,032
$271,271
$329,303
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,949
$329,303

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$257,600
No
First
May 31, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,443
$101,557
29%
72%
$1,545/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$1,695/mo
+$765/mo
9.0%

City: Spring