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$449,000

318 Indian Summer Drive, Sugar Land, TX, 77479

Under ContractInfo
Beds5 Beds
Baths4 Bath
Baths3,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.9 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringVinyl

Exterior

Lot Size8,058 sqft

Building Information

Year Built1995
Stories2
Roof Type105
Garage Spaces2

Land Information

APN8285-01-001-0320-907
Lot Number32
SubdivisionSummerhill Sec 1
Land UseResidential
Legal DescriptionSUMMERHILL SEC 1, BLOCK 1, LOT 32
Census Tract673802
Assessed Land Value$59,280
Assessed Improvement Value$361,172
Assessment Year2025

About this property

The perfect blend of space and style! Welcome to this beautifully remodeled home in the prestigious, master-planned community of New Territory. Situated on a beautifully tree lined street with an oversized lot and upgrades throughout. Step inside to find elegant vinyl plank flooring, soaring ceilings, and an abundance of natural light. The newly installed double pane Low-E windows enhance both energy efficiency, comfort and style while a RECENT ROOF (2023) adds peace of mind. The heart of the home is the stunning gourmet kitchen with oversized quartz countertops, custom cabinetry, and a seamless flow into the main living area. The primary suite is conveniently located on the first floor, while upstairs you'll find four generously sized bedrooms and a spacious game room. Large backyard space ideal for adding a pool, creating the perfect play area. Zoned to top rated FBISD schools, New Territory is known for its abundant amenities, strong sense of community and easy access to Houston!

Investor Tools

$342,445Estimated Mortgage Balance
$87,555Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$633/month
$1,285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,445
$420,452
2025
$59,280
$361,172
$420,452
Yes (2012)

Tax History

Year
Tax Paid
Assessed Value
2025
$5,445
$420,452

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Va
$375,000
Yes
First
Nov 17, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$342,445
$87,555
20%
80%
$2,249/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: Sugar Land

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