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$381,000

NAL Estimated Property Value

5507 Ashmere Ln, Spring, TX, 77379

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,664 Sq Ft
price_per_sqft$147.9 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Lot Size9,361 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN1142950080278
Lot Number278
SubdivisionTerranova West
Land UseResidential
Legal DescriptionLT 278 BLK 8 9017*T1957535-001-008-278) TERRANOVA WEST SEC 1
Census Tract553601
Assessed Land Value$62,910
Assessed Improvement Value$317,581
Assessment Year2025

About this property

Spacious move-in ready 4-bedroom, 2 ½ bath, with backyard oasis including in-ground Gunite pool, heated spa, tropical banana plantain trees oasis is conveniently located in Terranova West. Open floor plan with Island Kitchen, black appliances, granite countertops, pendant lighting, double ovens, formal dining room, and primary suite downstairs. The primary suite bath has a large walk-in shower, dual shower heads, beautifully detailed tile work, dual sinks in a marble vanity, and ceramic tile flooring that connects to the utility room. Upstairs are three additional spacious bedrooms, a full bath, and a game room complete with 2nd gas log fireplace and dry bar. PEX Plumbing, Plantation Shutters, Crown Molding, and Ceiling fans are found throughout the entire home. Freshly painted and new carpet. Outside is a large, covered patio, pool storage or workshop behind the garage, and a private pool with a rock waterfall.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$336,930Estimated Mortgage Balance
$44,070Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,364 /month
Positive
Cash Flow Estimate:
$788 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$751/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,106
$380,491
2025
$62,910
$317,581
$380,491
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,106
$380,491

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$338,397
Yes
First
Feb 27, 2026
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$336,930
$43,561
11%
88%
$2,029/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$2,629/mo
$-39/mo
8.2%

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.

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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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5507 Ashmere Ln | Property Details | No Agent List