2042 Teal Dr Spring, TX 77386
Spring Hills NeighborhoodEstimated payment $4,253/month
Highlights
- Greenhouse
- In Ground Pool
- 0.82 Acre Lot
- Vogel Intermediate School Rated A
- Garage Apartment
- Maid or Guest Quarters
About This Home
Investor’s Dream – Multi-Unit Property on corner lot w/ Huge Upside & No Restrictions. Rare opportunity to acquire a versatile, income-generating property, & run your own business. Sprawling .87 acre, corner lot in a high-demand rental market. Unique setup features three separate units: 1) 2-bed/1-bath upstairs, 2) 3-bed/2-bath downstairs, 3) a private 2-bed, 1 bath apartment or office space—ideal for short or long-term tenants, multigenerational living or medical long term housing. Expansive lot offers abundant parking, outdoor living space, and potential for future expansion or added amenities. Located in a desirable area w/ strong rental comps and lot of growth potential, this property is perfect for investors looking to add value, generate consistent cash flow, and build long-term equity. This is a prime opportunity to create a high-performing asset with excellent ROI. Close proximity to The Woodlands, Hwy 99, I45, Exxon Campus 7 Bush Airport, approx. 35 mins to downtown Houston.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,910
Year Built
- Built in 1974
Lot Details
- 0.82 Acre Lot
- Fenced Yard
- Partially Fenced Property
- Corner Lot
- Sprinkler System
Parking
- 1 Car Detached Garage
- Garage Apartment
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Metal Roof
Interior Spaces
- 5,000 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Family Room Off Kitchen
- Living Room
- Breakfast Room
- Dining Room
- Attic Fan
- Fire and Smoke Detector
- Washer and Electric Dryer Hookup
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Electric Oven
- Gas Cooktop
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Carpet
- Tile
- Vinyl Plank
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Primary Bedroom
- Maid or Guest Quarters
- Bathtub with Shower
- Separate Shower
Eco-Friendly Details
- Energy-Efficient Thermostat
- Ventilation
Outdoor Features
- In Ground Pool
- Greenhouse
- Separate Outdoor Workshop
Schools
- Ford Elementary School
- Irons Junior High School
- Oak Ridge High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
- Programmable Thermostat
- Water Softener is Owned
- Septic Tank
Community Details
- Spring Hills 05 Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,910 | $441,494 | $48,028 | $393,466 |
| 2024 | $9,910 | $627,394 | $37,355 | $590,039 |
| 2023 | $9,053 | $574,510 | $37,350 | $537,160 |
| 2022 | $5,749 | $331,320 | $34,690 | $296,630 |
| 2021 | $5,297 | $286,520 | $34,690 | $251,830 |
| 2020 | $4,792 | $246,490 | $34,690 | $211,800 |
| 2019 | $6,020 | $298,830 | $34,690 | $264,140 |
| 2018 | $3,180 | $157,840 | $34,690 | $123,150 |
| 2017 | $6,938 | $344,900 | $34,690 | $310,210 |
| 2016 | $7,689 | $382,250 | $4,370 | $377,880 |
| 2015 | $3,561 | $300,590 | $4,370 | $323,230 |
| 2014 | $3,561 | $273,260 | $4,370 | $282,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $649,000 | -- | $130 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | South Land Title Llc | |
| Deed In Lieu Of Foreclosure | $295,000 | None Available | |
| Vendors Lien | -- | Stewart Title Montgomery Cou | |
| Executors Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $161,500 | New Conventional | |
| Previous Owner | $170,000 | Purchase Money Mortgage | |
| Previous Owner | $295,000 | Purchase Money Mortgage |
Source: Houston Association of REALTORS®
MLS Number: 59874727
APN: 8990-05-04200
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The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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