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$1,995,000

9002 Cypresswood Drive, Spring, TX, 77379

On MarketInfo
Beds5 Beds
Baths9 Bath
Baths8,228 Sq Ft
price_per_sqft$242.46 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Ice Maker, Refrigerator Included, Wine Refrigerator, Double Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBack Green Space, Balcony, Outdoor Kitchen, Sprinkler System
Lot Size1.02 acres

Building Information

Year Built1988
Stories2
Garage Spaces10

Land Information

APN1143000060031
Lot Number31
SubdivisionChampion Forest
Land UseResidential
Legal DescriptionLT 31 BLK 6 017*C2915074-005-006-031 CHAMPION FOREST SEC 5
Census Tract554002
Assessed Land Value$298,706
Assessed Improvement Value$881,294
Assessment Year2025

About this property

Rare Champion Forest estate on approx. 1 acre with over $1M in documented improvements. Built for entertaining, comfort, and everyday luxury, this home offers grand living spaces, abundant natural light, a chef’s kitchen, entertainer’s bar, a tucked-away primary suite with direct access to the resort-style backyard, upstairs flex/media areas, ensuite bedrooms, and an air-conditioned garage/game space. The backyard is the centerpiece, featuring a heated and chilled pool/spa, pergola, outdoor kitchen, putting green, pool house bath, lush landscaping, lighting, and multiple gathering areas. Major upgrades include whole-home Control4 automation with audio throughout, 60KW generator, Pella windows, lifetime roof shingles, updated HVAC/ductwork, air purification, dehumidifiers, custom millwork, upgraded flooring, and extensive maintenance records. A rare opportunity to own a beautifully improved estate in one of the area’s most established luxury neighborhoods.

Investor Tools

$205,821Estimated Mortgage Balance
$974,179Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

Interested in this property?

James Krueger

Corcoran Prestige Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,865/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,476
$1,180,000
2025
$298,706
$881,294
$1,180,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,476
$1,180,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Credit Line (Revolving) / Heloc
$250,000
No
First
Oct 26, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,821
$974,179
82%
17%
$1,499/mo

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.

Explore Texas Explore This Area
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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9002 Cypresswood Drive | Property Details | No Agent List