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$510,000

16901 Spring Lake Dr, Canyon, TX, 79015

$608,239 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,638 Sq Ft
price_per_sqft$193.33 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Refrigerator, Microwave, Dishwasher, Cooktop

Exterior

Exterior FeaturesBrick, Dog Run
Lot Size1.35 acres

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-073-1966-1600
Lot Number31
SubdivisionSpring Lake # 1 Amd
Land UseResidential
Legal DescriptionSPRING LAKE # 1 AMD, LOT 031, BLK 0001, 1.3500 ACRES
Census Tract021707
Assessed Land Value$55,000
Assessed Improvement Value$432,653
Assessment Year2026

About this property

Beautiful 4-bedroom, 2-bath home situated on approximately 1.36 acres in Spring Lake just North of Canyon. This property offers wonderful views, a spacious living area, and plenty of room. Features include a formal dining room, office nook, abundant storage, and an attached 2-car garage with an additional golf cart garage. A new roof is scheduled for installation. Enjoy the extra space, convenience, and peaceful setting this property has to offer.

Investor Tools

$249,158Estimated Mortgage Balance
$295,842Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$608,239
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,270 /month
Positive
Cash Flow Estimate:
$1,090 /month

Interested in this property?

Randie Baumann

Lyons Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
$960/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,052
$487,653
2026
$55,000
$432,653
$487,653
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,052
$487,653

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$286,379
No
First
Mar 28, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,158
$295,842
54%
46%
$1,717/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,570/mo
$2,677/mo
$-1,107/mo
3.5%

City: Canyon