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$404,990

NAL Estimated Property Value

615 Merrimac Ridge Ln, Spring, TX, 77373

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,846 Sq Ft
price_per_sqft$79.3 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

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
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size11,861 sqft

Building Information

Year Built2005
Garage Spaces1

Land Information

APN1222090040011
Lot Number11
SubdivisionVillages Of Northgate Crossing
Land UseResidential
Legal DescriptionLT 11 BLK 4 VILLAGES OF NORTHGATE CROSSING SEC 7
Census Tract241301
Assessed Land Value$70,035
Assessed Improvement Value$334,955
Assessment Year2025

About this property

GORGEOUS describes this beautiful 5 bedrooms, 3.5 bathroom home nestled in the heart of the exquisite Villages of Northgate Crossing subdivision. The sellers have spared no expense on this spectacular home. Get swept away by this gorgeous home featuring stunning wood floors, beautiful custom arch ways, lovely open floor plan, large windows, tons of natural light, huge family room w/ fireplace and exquisite study with french doors! You are sure to love the updated kitchen, featuring granite counter tops, custom backslash, top of the line stainless steel appliances, and a large farmhouse-style sink! This home also features lush landscaping, exquisite curb appeal, massive back yard, large rooms, formal living room, formal dining room, and game room. Enjoy the convenience of being close to The Woodlands, Exxon, IAH Airport, and easy access to I-45. Schedule your showing today!

Investor Tools

Property Icon
$404,990
Estimated Property Value
$271,294Estimated Mortgage Balance
$133,696Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,020
$404,990
2025
$70,035
$334,955
$404,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,020
$404,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$302,911
Yes
First
Dec 31, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,294
$133,696
33%
67%
$1,817/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$2,417/mo
+$103/mo
7.5%

City: Spring

615 Merrimac Ridge Ln | Property Details | No Agent List