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Owner Contacts

$437,000

NAL Estimated Property Value

1242 Misty Lake Ct, Sugar Land, TX, 77498

Off Market

3 Beds

2 Bath

2,145 Sq Ft

Condos / Townhouses

$148.25 / sqft

Built in 1991

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Refrigerator, Microwave, Electric Cooktop, Electric Oven, Oven

FlooringWood

Exterior

Lot Size6,056 sqft

Building Information

Year Built1991

Stories1

Roof Type105

Garage Spaces2

Land Information

APN7600-07-004-0200-907

Lot Number20

SubdivisionSugarmill Sec 7

Land UseResidential

Legal DescriptionSUGARMILL SEC 7, BLOCK 4, LOT 20, R/P

Census Tract672306

Assessed Land Value$84,500

Assessed Improvement Value$322,100

Assessment Year2025

About this property

LIFE ON THE WATER WILL BE DIFFICULT TO RESIST! Get ready to love this updated beauty on tranquil cul-de-sac street.Wake up every morning with tremendous lake views from every bedroom.Take your coffee outside & relax under rain-free covered patio with french doors leading from the master bedroom.Treat yourself to luxury in whirlpool tub overlooking the deck & lake.You will feel right at home in large den with dramatic high ceiling,hardwoods, fireside cheer & built-in bookcases.Entertain smartly in formal dining room with views of the elegant gardens.Charming chef's delight island kitchen w/granite countertops, tile backsplash & travertine fllooring.Cheery breakfast area with plantation shutters.Large bay window overlookng kitchen sink takes the chore out of washing dishes.Peace & serenity flourish under mature trees.More of the delights include updated bathrooms,sprinkler system,ceiling fans,home warranty plus more.Like to fish? Catch & release fishing right off your deck.

Investor Tools

$437,000

Estimated Property Value

$262,836Estimated Mortgage Balance

$174,164Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,622 /month

Positive

Cash Flow Estimate:

$874 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$635/month

$740/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,431

$406,600

2025

$84,500

$322,100

$406,600

Tax History

Year

Tax Paid

Assessed Value

2025

$5,431

$406,600

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Broker Solutions Inc

Conventional

$302,100

First

Oct 21, 2019

Nov 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$262,836

$175,164

39%

60%

$1,812/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,440/mo

$2,552/mo

$-112/mo

6.7%

Learn About the Market: Opportunity in Texas

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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.

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