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$179,000

423 Lakeview Dr, Sugar Land, TX, 77498

PendingInfo
Beds2 Beds
Baths1 Bath
Baths804 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.64 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,102 sqft

Building Information

Year Built1920
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0097-00-000-5936-907
SubdivisionS M Williams
Land UseResidential
Legal Description0097 S M WILLIAMS, ACRES 0.186
Census Tract672202
Assessed Land Value$171,749
Assessed Improvement Value$60,825
Assessment Year2026

About this property

Build your dream bungalow or charming craftsman in The Hill! Great opportunity for a builder! The property is priced at lot value only. Large lot (.18 acre) in The Hill, Sugar Land’s first community. The Hill community was established in 1905 by Imperial Sugar for their workers. The community does not have an HOA or deed restrictions but does fall under city of Sugar Land zoning which includes light conservation measures to maintain the charm and character of this historic neighborhood. Great location, across the street from Cleveland Lake. Walkable to city park, Lakeview Elementary, Sugar Land Middle, churches, and hike and bike trails. Close to Sugar Land Space Cowboys, Children’s Discovery Center, Sugar Land Heritage Museum, and the Imperial Sugar property. Easy access to 90A and 59. Must have appointment to walk the lot, the property is occupied.

Investor Tools

$6,366Estimated Mortgage Balance
$217,334Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,342 /month
Positive
Cash Flow Estimate:
$447 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$634
$223,700
2026
$171,749
$60,825
$232,574
No

Tax History

Year
Tax Paid
Assessed Value
2025
$634
$223,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mtg
Fha
$57,900
Yes
First
Oct 14, 1998
Nov 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,366
$217,334
97%
3%
$348/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,850/mo
$348/mo
+$1,502/mo
9.9%

City: Sugar Land

423 Lakeview Dr | Property Details | No Agent List