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$275,000

1203 Sleepy Water Ct, Granbury, TX, 76048

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.17 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal
FlooringCeramic Tile, Laminate

Building Information

Year Built1978
Stories2

Land Information

APN11401.001.0018.0
Lot Number18,17
SubdivisionComanche Cove
Land UseResidential
Legal DescriptionLOT: 18 & 17 BLK: 1 SUBD: COMANCHE COVE SEC A (CH)
Census Tract160211
Assessed Land Value$36,000
Assessed Improvement Value$190,530
Assessment Year2025

About this property

*** Charming Lake House *** You won't want to miss this opportunity! Fulfill your dreams of having a vacation home, investment property or your personal home with exquisite views of Lake Granbury! This charming Lake House is nestled among mature, lush trees giving you a peaceful place to kickback and relax. This wonderfully unique property offers 2 living areas, a charming kitchen and breakfast nook and a spiral staircase to 2 bedrooms, 2 bathrooms and a beautiful deck with stunning views! The 10x16 building has electric, lights, insulated and bead board walls ready to finish out a mancave or she shed, or use as a workshop! The deck off of the shed leads to a cute pool or pond option. This is too cute to miss! Schedule a private tour today. (Option to puchase fully furnished.)

Investor Tools

Property Icon
$263,000
Estimated Property Value
$240,095Estimated Mortgage Balance
$24,997Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
$190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,857
$226,530
2025
$36,000
$190,530
$226,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,857
$226,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$240,095
Yes
First
Nov 17, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,003
$24,997
9%
90%
$1,440/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Granbury

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