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$453,000

NAL Estimated Property Value

1203 Colony Lakes Drive, Sugar Land, TX, 77479

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,521 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.2 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,577 sqft

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces2

Land Information

APN4779-02-001-0010-907
Lot Number1
SubdivisionThe Lakes Sec 2
Land UseResidential
Legal DescriptionTHE LAKES SEC 2, BLOCK 1, LOT 1
Census Tract673902
Assessed Land Value$42,394
Assessed Improvement Value$403,508
Assessment Year2025

About this property

Stunning Newmark home w/ no back neighbors! It features tons of natural light, high ceilings, oversize F&B gutters & the roof replaced in '16, new AC in '14, 50 gal water heater installed in '16, & engineered hardwood floors added in '11 on the main level. The downstairs master suite includes crown molding, dual vanities, a walk-in closet (11'X6'), a jet tub & a separate shower. The main floor also includes a 1/2 bath, a (6' x 6' 3") laundry room with storage, the formal dining w/ beadboard walls & the eat-in kitchen equipped w/ tile counters, a pantry, & plenty of cabinet storage space. Off the kitchen is the breakfast room w/ backyard access & the open living room w/ a gas log fireplace. The 2nd LVL features 3 add' bedrooms, a full bath & a large game room. Enjoy the Texas-size backyard w/ plenty of space for activities or to add a large pool! The washer, dryer & fridge convey with the property.

Investor Tools

Property Icon
$453,000
Estimated Property Value
$241,064Estimated Mortgage Balance
$211,936Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$444/month
$790/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,059
$418,000
2025
$42,394
$403,508
$445,902
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,059
$418,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North American Savings Bank Fsb
Conventional
$270,786
No
First
Sep 9, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,064
$211,936
46%
53%
$1,624/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,414/mo
+$926/mo
8.8%

City: Sugar Land

1203 Colony Lakes Drive | Property Details | No Agent List