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$474,900

108 Island Way, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,930 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.08 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Slate

Exterior

Exterior FeaturesLighting
Lot Size1.13 acres

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-4402-00B-0010-1
Lot Number1
SubdivisionPrinceton Lakes (Cpn)
Land UseResidential
Legal DescriptionPRINCETON LAKES (CPN), BLK B, LOT 1
Census Tract031006
Assessed Land Value$160,000
Assessed Improvement Value$372,346
Assessment Year2025

About this property

Oasis in Princeton Lakes! A private ski lake community w 4 professional ski lakes & host to fun filled tournaments. This lovely property with mature trees and landscape sits on 1.13 acres with relaxing farm and water views on all sides. 23 zone sprinkler system covers entire property. All the extras to include a full water filtration system, extra large additional driveway space, double gates, iron fencing, and much more.Game rm and 3 beds up with two full baths. Beautiful views from all rooms. Master down with split vanities, tub & sep shower, and his and her closets! Private study, open living and kitchen with ENCLOSED SUNROOM perfect for coffee in the morning & evenings! Gas start and wood burning fireplace,

Investor Tools

Property Icon
$532,346
Estimated Property Value
$0Estimated Mortgage Balance
$532,346Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,194 /month
Positive
Cash Flow Estimate:
$1,065 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$854/month
$54/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,592
$532,346
2025
$160,000
$372,346
$532,346
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,592
$532,346

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$532,346
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$54/mo
+$2,756/mo
6.3%

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: Princeton

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108 Island Way | Property Details | No Agent List