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$585,000

10468 Cornwall Lane, Iola, TX, 77861

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths2,431 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$240.64 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesWater Heater

Exterior

Lot Size1.18 acres

Building Information

Year Built2020
Garage Spaces2

Land Information

APNR70006
Lot Number204
Land UseResidential
Legal DescriptionS5900 - KING OAKS SECTION 1, LOT 204, ACRES 1.18
Census Tract180303
Assessed Land Value$121,470
Assessed Improvement Value$440,580
Assessment Year2025

About this property

Welcome to 10468 Cornwall in Iola, TX, located in the desirable King Oaks community! This updated 5-bedroom, 2.5-bath home offers comfort, functionality, and modern style on a quiet cul-de-sac. The open-concept floor plan features spacious living areas filled with natural light, flowing seamlessly into the dining area and kitchen. The kitchen offers modern finishes, ample cabinetry, and generous counter space, perfect for everyday living and entertaining. With five bedrooms, the flexible layout provides space for family, guests, hobbies, or a home office. The primary suite offers a private retreat, while the additional bedrooms accommodate a variety of needs. Residents enjoy access to King Oaks community amenities, including a pool and shared recreational spaces. Combining updated features, a functional layout, and a desirable location, this home is an excellent opportunity in the Iola area. Schedule your private showing today!

Investor Tools

Property Icon
$589,000
Estimated Property Value
$0Estimated Mortgage Balance
$307,055Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

Interested in this property?

Laura Smith

Coldwell Banker Apex, REALTORS LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$751/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,071
$562,050
2025
$121,470
$440,580
$562,050
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,071
$562,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$318,000
No
First
Aug 25, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,945
$307,055
52%
48%
$1,907/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: Iola

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10468 Cornwall Lane | Property Details | No Agent List