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General Description

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Amazing lot in the heart of Spring Valley! This huge *22,399 SF piece of property is being sold for lot value. Wonderful opportunity to build your dream home on a quiet ravine lot. Massive magnolia tree in the front yard and sprawling lawn in the back. Zoned to Valley Oaks Elementary, Spring Branch Middle and Memorial High School. Showings are currently for lot only. Home is not being shown at this time in preparation for estate sale. *= per HCAD **Multiple offers have been received. Seller is requested highest and best by 12pm on Monday, March 1st.

MLS#:

98698765 (HAR)

Sold Price Range:

$717,001 - $827,000

Listing Status:

Sold

Address:

8714 Lanell Lane

City:

Spring Valley Village

State:

Zip Code:

77055

County:

Harris County

Subdivision:

Cedarwood (View subdivision price trend)

Legal Description:

LT 2 & W 3 FT OF LT 3 BLK 5 CEDARWOOD SEC 1

Property Type:

Single-Family

Bedrooms:

3 Bedroom(s)

Baths:

2 Full Bath(s)

Garage(s):

2 / Attached

Stories:

Style:

Ranch

Year Built:

1954 / Appraisal District

Building Sqft.:

1,808 /Appraisal District

Lot Size:

22,399 Sqft. /Appraisal District

Key Map©:

450Z

Market Area:

Memorial Villages

Rooms/Lot Dimensions

Den:

17x11, 1st

Primary Bedroom:

14x14, 1st

Bedroom:

13x11, 1st

Bedroom:

13x13, 1st

Interior Features

Cooling:

Central Electric

Heating:

Central Gas

Dishwasher:

Yes

Ice Maker:

Microwave:

Yes

Compactor:

Disposal:

Energy Feature:

Ceiling Fans, North/South Exposure

Interior:

Drapes/Curtains/Window Cover

Exterior Features

Roof:

Composition

Foundation:

Slab

Private Pool:

Exterior Type:

Brick

Lot Description:

Ravine

Water Sewer:

Public Sewer, Public Water

Unit Location:

Ravine

Front Door Face:

South

Area Pool:

Additional Information

Dwelling Type:

Free Standing

HOA Mandatory:

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional, Investor

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$16, 264/2020

Tax Rate:

2.3365

Selling Agent and Brokerage

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Selling Agent and Broker information is not available.

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$426.25	$770,665	4.96%	$770,665	4.96%
2022	$406.12	$734,260	5.32%	$734,260	5.32%
2021	$385.59	$697,143	0.15%	$697,143	0.15%
2020	$384.99	$696,066	-0.02%	$696,066	-0.02%
2019	$385.08	$696,223	0.47%	$696,223	0.47%
2018	$383.27	$692,959	0.00%	$692,959	0.00%
2017	$383.27	$692,959	0.00%	$692,959	7.73%
2016	$383.27	$692,959	0.00%	$643,266	10.00%
2015	$383.27	$692,959	13.66%	$584,788	10.00%
2014	$337.23	$609,703	26.15%	$531,626	10.00%
2013	$267.31	$483,297	10.00%	$483,297	10.00%
2012	$243.01	$439,361		$439,361

2023 Harris County Appraisal District Tax Value

Market Land Value:	$744,691
Market Improvement Value:	$25,974
Total Market Value:	$770,665

harris County Appraisal District

2023 Tax Rates

SPRING BRANCH ISD:	1.0789 %
HARRIS COUNTY:	0.3501 %
HC FLOOD CONTROL DIST:	0.0311 %
PORT OF HOUSTON AUTHORITY:	0.0057 %
HC HOSPITAL DIST:	0.1434 %
HC DEPARTMENT OF EDUCATION:	0.0048 %
SPRING VALLEY CITY OF:	0.3950 %
Total Tax Rate:	2.0090 %

Estimated Mortgage/Tax

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$4,250 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 2,960
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 1,2901,290
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Cedarwood

County / Zip Code:

77055

Single Family Properties:

210

Average Bedrooms:

3.69

Average Baths:

3.41

Median Square Ft.:

2,923

Median Lot Square Ft.:

11,610

Median Year Built:

1958

Median Appraised Value:

$1,035,898

Neighborhood Value Range:

$607 - $1693 K

Median Price / Square ft.:

$399.07

View Price Trends for Cedarwood

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.