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$481,000

NAL Estimated Property Value

823 Merrick Dr, Sugar Land, TX, 77478

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,863 Sq Ft
price_per_sqft$137.97 / 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
AppliancesDishwasher, Disposal, Microwave, Electric Cooktop, Double Oven, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size10,404 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7550-03-006-1000-907
Lot Number10
SubdivisionSugar Creek Sec 3
Land UseResidential
Legal DescriptionSUGAR CREEK SEC 3, BLOCK 6, LOT 10
Census Tract671700
Assessed Land Value$75,400
Assessed Improvement Value$290,600
Assessment Year2025

About this property

Beautifully upgraded one story home in the heart of Sugar Creek. Versatile floor plan with Formal Living, Formal Dining Room & Study! Stunning updated Kitchen boasts light colored granite counters, SS appliances & pendant light fittings, opens to Family Room with fireplace and wall of windows. Master Suite with updated Master Bath, 2 good size Secondary Bedrooms and Upgraded Secondary Bathroom with double vanity. Mud Room and Half Bath all updated. Circle Driveway to front door plus side driveway to detached garage allow convenience & ample parking when entertaining. Oversized covered back patio to enjoy the beautiful lush landscaping & mature trees in the back yard with recent fence. Upgrades include tankless water heater, water softener, recent roof, upgrades breaker panel, new coil in HVAC, paint throughout, wood flooring, light fittings and more. Please request full list of upgrades. Walking distance to schools & Searls Park.

Investor Tools

Property Icon
$481,000
Estimated Property Value
$324,768Estimated Mortgage Balance
$156,232Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,886 /month
Positive
Cash Flow Estimate:
$962 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$595/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,741
$366,000
2025
$75,400
$290,600
$366,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,741
$366,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometrust Mortgage Co
Conventional
$366,300
No
First
Jul 10, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,768
$125,232
27%
68%
$2,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$2,697/mo
+$373/mo
7.7%

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.

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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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823 Merrick Dr | Property Details | No Agent List