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$234,525

NAL Estimated Property Value

5602 Fallengate Dr, Spring, TX, 77373

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,610 Sq Ft
price_per_sqft$136.65 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Cooktop, Dishwasher
FlooringTile

Exterior

Lot Size6,499 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1105810000053
Lot Number53
SubdivisionGreengate Place
Land UseResidential
Legal DescriptionLT 53 BLK 6 GREENGATE PLACE SEC 6
Census Tract241001
Assessed Land Value$47,925
Assessed Improvement Value$186,600
Assessment Year2025

About this property

What a great home in a low tax rate making monthly payments more affordable. This home has a large living with a floor to wall wood burning fireplace that spacious and open to the kitchen and eating area. No carpet. This home has beautiful ceramic tile flooring throughout. When you walk into this home you feel its openness and the light-colored ceramic tile flooring and neutral wall colors make this home feel so open spacious. Seller has built a large laundry/mud room to accommodate a large washer and dryer, shelving and built ins if you wish, say no to closed in tiny laundry rooms. This home has all the space you need. Master bath and secondary bathroom has been remodeled with updated ceramic tile, shower heads, new toilets, new tub, new lighting and new fixtures. All widows in home have been replaced to energy efficient. New AC parts, AC Compressor replaces 2018, foundation certificate lifetime. Kitchen has been updated to reflect the current trends with an added new window.

Investor Tools

Property Icon
$234,525
Estimated Property Value
$204,761Estimated Mortgage Balance
$29,764Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,407 /month
Positive
Cash Flow Estimate:
$469 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$262/month
$374/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,966
$234,525
2025
$47,925
$186,600
$234,525
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,966
$234,525

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Connextions Lp
Conventional
$216,310
No
First
Jun 20, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,761
$29,764
12%
87%
$1,297/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,950/mo
$1,671/mo
+$279/mo
10.0%

City: Spring

5602 Fallengate Dr | Property Details | No Agent List