2215 Walnut Fair Ln Spring, TX 77373
Spring AreaEstimated payment $1,309/month
Highlights
- Deck
- Home Office
- 1 Car Attached Garage
- Traditional Architecture
- Breakfast Room
- Bathtub with Shower
About This Home
Immediate cash flow potential with a market-validated rental rate of $1,350–$1,395/month. Currently rented at $1350 with lease expiring on 6/30/27. This well-maintained 2-bedroom, 2.5-bath townhome in the established Spring Crossing community is a ready-to-go addition to any rental portfolio. Listed at $165,000, investors can expect a projected gross annual rental income of $16,200–$16,740 and an estimated gross rental yield of 9.8–10.1%.
The Property:
Built in 2006, this 1,240 sq ft two-story townhome features an open-concept island kitchen, in-unit utility room with washer/dryer connections, 1-car attached garage, private deck/patio, and 2 full baths plus a half bath — a layout that commands premium rents and reduces tenant turnover. Laminate and carpet flooring throughout. Slab foundation, composition roof.
*Document prepared by Seller
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 2006
Lot Details
- 2,996 Sq Ft Lot
Parking
- 1 Car Attached Garage
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,240 Sq Ft Home
- 2-Story Property
- Breakfast Room
- Combination Kitchen and Dining Room
- Home Office
- Utility Room
Kitchen
- Oven
- Gas Cooktop
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathtub with Shower
Outdoor Features
- Deck
- Patio
Schools
- Gloria Marshall Elementary School
- Ricky C Bailey M S Middle School
- Spring High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Gas
Community Details
- Spring Crossing Association
- Spring Crossing Sec 2 Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,845 | $172,431 | $32,442 | $139,989 |
| 2024 | $4,710 | $170,202 | $32,442 | $137,760 |
| 2023 | $4,710 | $189,336 | $32,442 | $156,894 |
| 2022 | $4,664 | $162,900 | $28,369 | $134,531 |
| 2021 | $4,044 | $133,598 | $14,548 | $119,050 |
| 2020 | $3,991 | $125,572 | $14,548 | $111,024 |
| 2019 | $3,857 | $116,887 | $14,548 | $102,339 |
| 2018 | $963 | $105,283 | $11,056 | $94,227 |
| 2017 | $3,440 | $105,283 | $11,056 | $94,227 |
| 2016 | $3,125 | $95,623 | $11,056 | $84,567 |
| 2015 | $2,575 | $87,400 | $11,056 | $76,344 |
| 2014 | $2,575 | $76,202 | $11,056 | $65,146 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2026 08/05/26 | For Sale | $165,000 | 0.0% | $133 / Sq Ft |
| 06/12/2026 06/12/26 | Rented | $1,350 | 0.0% | -- |
| 05/30/2026 05/30/26 | Under Contract | -- | -- | -- |
| 05/04/2026 05/04/26 | Price Changed | $1,350 | -3.2% | $1 / Sq Ft |
| 04/22/2026 04/22/26 | For Rent | $1,395 | -0.4% | -- |
| 04/01/2025 04/01/25 | Rented | $1,400 | 0.0% | -- |
| 03/06/2025 03/06/25 | Under Contract | -- | -- | -- |
| 01/08/2025 01/08/25 | Price Changed | $1,400 | -5.1% | $1 / Sq Ft |
| 12/04/2024 12/04/24 | Price Changed | $1,475 | -7.5% | $1 / Sq Ft |
| 09/05/2024 09/05/24 | For Rent | $1,595 | +10.0% | -- |
| 09/18/2023 09/18/23 | Rented | $1,450 | 0.0% | -- |
| 08/31/2023 08/31/23 | Under Contract | -- | -- | -- |
| 08/02/2023 08/02/23 | For Rent | $1,450 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | First American Title | |
| Vendors Lien | -- | First American Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $91,798 | FHA |
Source: Houston Association of REALTORS®
MLS Number: 56731099
APN: 1255380010021
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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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