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$559,000

NAL Estimated Property Value

8402 Pheasant Glen Drive, Spring, TX, 77379

Off MarketInfo
Beds5 Beds
Baths7 Bath
Baths4,416 Sq Ft
price_per_sqft$73.6 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListHigh 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
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size14,771 sqft

Building Information

Year Built1986
Garage Spaces2

Land Information

APN1164570490006
Lot Number6
SubdivisionMemorial Northwest
Land UseResidential
Legal DescriptionLT 6 BLK 49 MEMORIAL NORTHWEST SEC 17
Census Tract556100
Assessed Land Value$82,359
Assessed Improvement Value$452,749
Assessment Year2025

About this property

INVESTOR SPECIAL!!! Situated on a rare over 29,000 SF combined lot (per HCAD – two tax records), this unique property offers exceptional potential for investors, builders, or buyers looking to take on a rewarding project. The property features a main residence, along with a detached studio apartment and an upstairs converted garage, each equipped with private bath facilities—providing multiple living spaces and strong income-producing potential once restored. Priced significantly below market value, this property is being sold AS-IS due to prior tornado damage and will require repairs and renovation. This presents an excellent opportunity for a fix-and-flip, rental conversion, or custom redevelopment on an oversized lot in an established neighborhood. With its flexible layout, multiple living quarters, and rare lot size, this property is ideal for those with vision looking to maximize value. Bring all offers – opportunities like this are rare!

Investor Tools

Property Icon
$559,000
Estimated Property Value
$222,879Estimated Mortgage Balance
$336,121Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,354 /month
Positive
Cash Flow Estimate:
$1,118 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,037/month
$517/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,644
$535,108
2025
$82,359
$452,749
$535,108
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,644
$535,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New Century Mortgage Corp
Unknown
$292,000
No
First
Jul 14, 2004
Aug 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,879
$336,121
60%
40%
$2,741/mo

City: Spring

8402 Pheasant Glen Drive | Property Details | No Agent List