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$269,216

NAL Estimated Property Value

1048 Summer Lake St, Horizon City, TX, 79928

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,680 Sq Ft
price_per_sqft$154.76 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Gas Oven, Gas Water Heater, Microwave
FlooringTile, Carpet

Exterior

Lot Size5,076 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces2

Land Information

APNS779-000-0280-0300
Lot Number3
SubdivisionSummer Sky Phase 1
Land UseResidential
Legal DescriptionBLK 28 SUMMER SKY PHASE 1 LOT 3
Census Tract010372
Assessed Land Value$40,100
Assessed Improvement Value$229,116
Assessment Year2025

About this property

Welcome to your new home at 1048 Summer Lake St, Horizon, TX! This stunning 4-bedroom, 2-bathroom property offers 1,680 square feet of modern living space, perfect for first-time buyers or savvy investors. Built in 2022, the home boasts an open floorplan with granite countertops, a spacious kitchen island, and built-in speakers, making it ideal for entertaining. The refrigerated AC ensures year-round comfort, while the low-maintenance landscaping saves you time and effort. A double garage provides ample storage, and the home's sleek design is perfect for those looking for both style and functionality. Whether you're starting your homeownership journey or adding a high-demand rental to your portfolio, this property is a fantastic opportunity. Don't miss out!

Investor Tools

Property Icon
$269,216
Estimated Property Value
$204,591Estimated Mortgage Balance
$64,625Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,615 /month
Positive
Cash Flow Estimate:
$538 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$650/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,459
$269,216
2025
$40,100
$229,116
$269,216
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,459
$269,216

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Change Lending Llc
Conventional
$219,555
No
First
Sep 24, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,591
$64,625
24%
76%
$1,317/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,317/mo
+$503/mo
8.1%

City: Horizon City

1048 Summer Lake St | Property Details | No Agent List