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$649,995

$667,800

89 Ely Drive, Sulphur Springs, TX, 75482

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,520 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$257.93 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Tile

Exterior

Lot Size2.00 acres

Building Information

Year Built2016
Garage Spaces2

Land Information

APNR000026498
Land UseResidential
Legal DescriptionACRES: 1.999 LOT: LOT: 29 SUBD: HONEYSUCKLE CREEK PHASE 2 & 3 ABST: ABS: 146-200
Census Tract950302
Assessed Land Value$60,000
Assessed Improvement Value$444,830
Assessment Year2025

About this property

MOTIVATED SELLER! With a waterfront view, you simply can't create! Breathtaking sunrises and sunsets. Set on peaceful waterfront views yet only minutes from SS Country Club, Downtown SS, & I30 access, this property offers the RARE BALANCE of luxury, convenience, & total calm. As you step onto the oversized deck, the horizon opens up in front of you, creating a natural gathering place for morning coffee, family celebrations, and unforgettable sunsets. Inside, the layout is designed for real living. Split floor plan & open concept for everyday life! The kitchen features gorgeous granite countertops, modern fixtures perfect for each setting, flowing effortlessly into the living area where custom windows bring the outdoors in & a gas-log fireplace adds warmth at the touch of a button. The primary suite feels like a getaway of its own, complete with a walk-through rainfall shower, jetted tub, and custom closet built-ins for everyday ease. Watch the news or your fav show on the Vanity Mirror TV while you get ready! This home is as smart as it is beautiful; with a Nest thermostat, WiFi-enabled garage door opener, energy-efficient LED lighting, whole-home tankless water heater, and high-speed fiber internet. A full Vivint security system with cameras and monitored fire, carbon detection provides reliable peace of mind for both owners and visiting family. Refrigerator, living-room couch, & patio TV convey, making move-in EASY! The utility room offers a convenient drop zone, & the oversized 4th bdrm adapts easily to an office, playroom, media space, or home gym. Outdoors, the upper deck sets the stage for hosting, while the lower patio is ideal for game days, grilling, or quiet afternoons by the water. A generous workshop keeps tools, toys, & lake gear organized and out of sight. Homes with this combination of scenery, comfort, & longevity rarely become available. This is a place built for gathering, relaxing, & creating memories a home that welcomes every season of life!

Investor Tools

Property Icon
$661,000
Estimated Property Value
$0Estimated Mortgage Balance
$266,365Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,966 /month
Positive
Cash Flow Estimate:
$1,322 /month

Interested in this property?

Kristin Thompson

Century 21 First Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$446/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,042
$504,830
2025
$60,000
$444,830
$504,830
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,042
$504,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Home Loans Llc
Conventional
$423,500
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$394,635
$266,365
40%
60%
$2,540/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: Sulphur Springs

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