Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$264,000

NAL Estimated Property Value

1207 Diamond Drape Dr, Iowa Colony, TX, 77583

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,121 Sq Ft
price_per_sqft$131.54 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Oven, Microwave, Dishwasher, Dryer, Washer
FlooringCarpet, Tile

Exterior

Exterior FeaturesBack Green Space, Side Yard
Lot Size6,499 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces2

Land Information

APN7793-3004-028
Lot Number28
SubdivisionSterling Lakes West Sec 3
Land UseResidential
Legal DescriptionSTERLING LAKES WEST SEC 3 (A0714 WM PATTUS) BLK 4 LOT 28
Census Tract661902
Assessed Land Value$49,600
Assessed Improvement Value$206,400
Assessment Year2025

About this property

2.99% Interest Rate Assumable Loan. This gorgeous four-bedroom, two-and-a-half-bathroom home stands out with its great curb appeal and landscaping. With a spacious master suite downstairs and three more bedrooms upstairs, you’ll love the layout. The large living room, separate dining area, and open kitchen—complete with an oversized pantry and tile flooring—make hosting friends and family a breeze. Plus, the home has all-new carpeting and paint, giving it a fresh feel. You’ll also find energy-efficient appliances, granite countertops, and wood cabinets throughout. The fully fenced backyard features an oversized patio, perfect for outdoor fun. And let’s not forget about Sterling Lakes! It offers awesome amenities like a junior Olympic-sized swimming pool, a kids’ splash pad, and a well-equipped fitness center. Loan is assumable for investors and home buyers

Investor Tools

Property Icon
$264,000
Estimated Property Value
$198,020Estimated Mortgage Balance
$65,980Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,053
$256,000
2025
$49,600
$206,400
$256,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,053
$256,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$202,500
No
First
Feb 5, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,020
$61,980
23%
75%
$1,215/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Iowa Colony

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1207 Diamond Drape Dr | Property Details | No Agent List