Pending

$222,500

5518 Cypressgate Dr, Spring, TX 77373

3beds

1,747sqft

$1,743/mo

Get pre-qualified

Single Family Residence

Built in 1975

6,599 Square Feet Lot

$221,600 Zestimate^®

$127/sqft

$33/mo HOA

What's special

Wood-burning fireplaceFormal dining roomAbundant natural lightTile flooringSpacious family roomBreakfast nookGenerously sized backyard

This property offers a great opportunity for an investor seeking a turnkey income producing property. Property is currently leased through Section 8 at $2,050/month through June 2027, providing immediate rental income for the new owner. This single-story home features 3 bedrooms and 2 bathrooms, offering both comfort and functionality. Few of the updates within the past 5-6 years include a new roof (2020), HVAC system (2021), water heater (2020), and a beautifully updated kitchen with granite countertops and a stylish tile backsplash (2022). The spacious family room showcases tile flooring, a wood-burning fireplace, and abundant natural light. Additional living spaces include a formal dining room, breakfast nook, living room, and a versatile office/bonus room. Step outside to a generously sized backyard with a 20x10 covered patio, perfect for outdoor gatherings. Conveniently located near schools, shopping, dining, and major highways, including I-45, Beltway 8, Hwy 99, and IAH Airport.

24 days
164
9

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First
Area: 176
Dimensions: 16 X 11

Bedroom

Level: First
Area: 132
Dimensions: 12 x 11

Bedroom

Level: First
Area: 132
Dimensions: 12 x 11

Heating

Electric

Cooling

Electric

Appliances

Included: Disposal, Microwave, Dishwasher
Laundry: Electric Dryer Hookup, Gas Dryer Hookup

Features

Flooring: Carpet, Tile
Number of fireplaces: 1

Interior area

Total structure area: 1,747
Total interior livable area: 1,747 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Stories: 1

Lot

Size: 6,599 Square Feet
Features: Subdivided, 0 Up To 1/4 Acre

Details

Parcel number: 1068800000035

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch,Traditional
Property subtype: Single Family Residence

Materials

Brick, Cement Siding
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Water District

Community & HOA

Community

Subdivision: Greengate Place Sec 01

HOA

Has HOA: Yes
HOA fee: $400 annually

Location

Region: Spring

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $221,791
Annual tax amount: $5,200
Date on market: 9/3/2026
Listing terms: Cash,Conventional,Investor,VA Loan

Estimated market value

$221,600

$211,000 - $233,000

$1,737/mo

Price history

Date	Event	Price
9/17/2026	Pending sale	$222,500$127/sqft
Source: HAR #92879783 Report a problem
9/3/2026	Price change	$222,500-1.1%$127/sqft
Source: HAR #92879783 Report a problem
4/19/2025	Listing removed	$2,000$1/sqft
Source: HAR #19939348 Report a problem
4/15/2025	Listed for rent	$2,000$1/sqft
Source: HAR #19939348 Report a problem
3/31/2025	Price change	$224,900-2.2%$129/sqft
Source: HAR #95242010 Report a problem
2/20/2025	Listed for sale	$230,000+15%$132/sqft
Source: HAR #58182381 Report a problem
6/1/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/25/2023	Listed for rent	$2,000$1/sqft
Source: Zillow Rentals Report a problem
12/16/2021	Listing removed	--
Source: HAR #81176862 Report a problem
10/25/2021	Pending sale	$200,000$114/sqft
Source: HAR #81176862 Report a problem
10/21/2021	Listed for sale	$200,000$114/sqft
Source: HAR #81176862 Report a problem
10/14/2021	Pending sale	$200,000$114/sqft
Source: HAR #81176862 Report a problem
10/11/2021	Price change	$200,000-4.8%$114/sqft
Source: HAR #81176862 Report a problem
9/29/2021	Price change	$210,000-4.5%$120/sqft
Source: HAR #81176862 Report a problem
9/24/2021	Listed for sale	$220,000+267.3%$126/sqft
Source: HAR #81176862 Report a problem
1/26/2011	Listing removed	$59,900$34/sqft
Source: Realty Associates #34849065 Report a problem
12/24/2010	Price change	$59,900$34/sqft
Source: Realty Associates #45468355 Report a problem
12/16/2010	Listed for sale	--
Source: foreclosure.com Report a problem
8/5/2010	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,936 +22.1%	$221,791
2024	$1,586 -6.2%	$221,791
2023	$1,692 +9.8%	$221,791 +10.3%
2022	$1,541	$200,992 +26%
2021	--	$159,471 +9.5%
2020	$1,124 -1.2%	$145,585 +9.9%
2019	$1,137 -62.6%	$132,475 +29.9%
2018	$3,038	$102,000
2017	$3,038 -7.4%	$102,000 -8.2%
2016	$3,281 +79.5%	$111,116 +6.1%
2015	$1,828	$104,730 +15.2%
2014	$1,828	$90,902 +41%
2013	--	$64,460 +21.6%
2012	--	$53,000 -37.7%
2011	--	$85,026
2010	--	$85,026 -5.6%
2009	--	$90,056 -11.5%
2007	--	$101,721 +3.1%
2006	--	$98,630
2005	--	$98,630 +6.3%
2004	--	$92,800 +3.7%
2003	--	$89,500 +7.7%
2002	--	$83,100 +9.9%
2001	--	$75,600 +9.9%
2000	--	$68,800