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$286,000

NAL Estimated Property Value

109 Island Park Drive, Gun Barrel City, TX, 75156

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$403.57 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
AppliancesNone
FlooringCeramic Tile

Exterior

Exterior FeaturesStorage

Building Information

Year Built1969
Roof Type105

Land Information

APN2675-0000-0700-53
Lot Number70
SubdivisionEastwood Islands (348)
Land UseResidential
Legal DescriptionLT 70 AB 488 T MITCHELL SUR, EASTWOOD ISLANDS, LT 70
Census Tract950603
Assessed Land Value$112,500
Assessed Improvement Value$136,109
Assessment Year2025

About this property

MULTIPLE OFFERS. Please submit highest and best by 5 pm, Tuesday, Feb 1. TOTALLY REMODELED LAKEFRONT UNDER $400k! Looking for a weekend getaway within an hour of DFW? Vacation rental for extra $$? Hoping to downsize your home and upsize relaxation? This beauty has been completely remodeled down to the studs. Updates include roof, windows, fresh paint, flooring, electrical, cabinets, countertops, & MORE! Sunrises & sunsets are breathtaking from the large deck & the sunroom with an abundance of natural light overlooks the lake providing that little bit of privacy. Circle drive for extra parking, newly sodded with St. Augustine grass, large greenhouse, & storage shed. Enclosed boat house needs TLC.

Investor Tools

Property Icon
$286,000
Estimated Property Value
$217,764Estimated Mortgage Balance
$68,236Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,088
$248,609
2025
$112,500
$136,109
$248,609
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,088
$248,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broker Solutions Inc
Conventional
$236,250
No
First
Mar 2, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,764
$68,236
23%
76%
$1,417/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: Gun Barrel City

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109 Island Park Drive | Property Details | No Agent List