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$276,000

NAL Estimated Property Value

531 Misty Lake Dr, El Lago, TX, 77586

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,875 Sq Ft
price_per_sqft$138.13 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Trash Compactor, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Concrete, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,866 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN0971150000013
Lot Number13
SubdivisionEl Lago Estates
Land UseResidential
Legal DescriptionLT 13 BLK 6 EL LAGO ESTATES SEC 6
Census Tract341501
Assessed Land Value$82,998
Assessed Improvement Value$190,716
Assessment Year2025

About this property

LOCATION LOCATION LOCATION & POOL Welcome to El Lago home of the Astronauts!! NEVER FLOODED! Flood insurance only $500/yr (verify yourself). This home has it all but needs your TLC! Beautiful resurfaced pool in your backyard oasis! Two storage sheds in back yard. The garage has been converted to a bonus room but can easily be converted back to a two car garage. Sprinkler system in yard. This is truly a unique and sought after area. Walking distance to pool with a splash pad, tennis courts, and a workout facility, as well as a covered basketball court, walking/jogging trails, a baseball field, and 3 parks with playgrounds. This home is walking distance to CCISD's ESTEM school and park. If that wasn't enough the neighborhood also has its own community boat ramp with water access to Clear Lake. 30 minutes to Galveston, 30 minutes to Houston and close to fabulous restaurants!! Just minutes from NASA & Kemah boardwalk attractions!! HURRY!!!!

Investor Tools

Property Icon
$276,000
Estimated Property Value
$210,366Estimated Mortgage Balance
$65,634Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,656 /month
Positive
Cash Flow Estimate:
$552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$415/month
$37/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,595
$273,714
2025
$82,998
$190,716
$273,714
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,595
$273,714

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Opendoor Home Loans Llc
Conventional
$229,500
No
First
Dec 22, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,366
$63,634
23%
76%
$1,376/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,870/mo
$1,413/mo
+$457/mo
8.1%

City: El Lago

531 Misty Lake Dr | Property Details | No Agent List