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$275,500

18035 Melissa Springs Dr, Tomball, TX, 77375

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,751 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.34 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Dryer Included, Refrigerator Included, Washer Included, Freestanding Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Exterior FeaturesBack Green Space
Lot Size5,502 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN1237800030022
Lot Number22
SubdivisionMemorial Springs
Land UseResidential
Legal DescriptionLT 22 BLK 3 MEMORIAL SPRINGS SEC 4
Census Tract554805
Assessed Land Value$50,875
Assessed Improvement Value$220,820
Assessment Year2025

About this property

Welcome to 18035 Melissa Springs Drive! Nestled in the established Memorial Springs community and zoned to highly acclaimed Klein ISD schools, this single-story gem offers 1,751 sq. ft. of prime potential. Featuring a light-filled layout with high ceilings, a generous primary suite, a flex room that can be used as an office/game room/formal dining room, all new kitchen appliances including a 5 burner gas stove with griddle, oversized laundry room, gas log fireplace, and a private backyard with new fencing, a deck, generator connections ready for your generator, also offers no rear neighbors. Backyard gate access also provides convenient access to a walking trial. This well-maintained layout gives you the rare opportunity to customize every finish to fit your style over time—all while enjoying a spacious floor plan at an incredible value. Plus, enjoy easy access to Highway 249, Grand Parkway, Vintage Park, walking distance to neighborhood pool, park, and pond.

Investor Tools

$108,520Estimated Mortgage Balance
$175,480Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

Interested in this property?

Jennifer Al-Sulais

CB&A, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$394/month
$430/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,311
$271,695
2025
$50,875
$220,820
$271,695
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,311
$271,695

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stearns Lending Llc
Fha
$152,192
Yes
First
Jan 29, 2014
Feb 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,520
$175,480
61%
38%
$913/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,343/mo
+$567/mo
8.1%

City: Tomball