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Days36Days on Market
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$289,999

1101 Redoak Drive, West Tawakoni, TX, 75474

$293,422 ARVInfo
On MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.4 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating GasHeating Gas
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Vented Exhaust Fan
FlooringVinyl

Exterior

Lot Size17,947 sqft

Building Information

Year Built1976
Stories1
Roof Type105

Land Information

APN2185-0050-009R-58
Lot Number9R
SubdivisionBanner Addition Sec 2
Land UseResidential
Legal DescriptionS2185 BANNER ADDITION SEC 2 BLK 5 LOT 9R ACRES .412
Census Tract961600
Assessed Land Value$45,740
Assessed Improvement Value$232,060
Assessment Year2025

About this property

Live the laid-back lake life just one mile from the tranquil waters of Lake Tawakoni! This fully renovated home offers five spacious bedrooms, two open living areas, and sits on two lots totaling nearly an acre—giving you all the room you need to unwind, entertain, and enjoy the outdoors. Whether you’re hosting weekend fish fries, stargazing from your backyard, or heading out for a day on the water, this property is built for the lifestyle you love. A brand-new shop added in 2024 adds even more space for your lake toys, hobbies, or storage needs. Bring your boat, bring your people—this is lake living at its best.

Investor Tools

$200,338Estimated Mortgage Balance
$93,662Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$293,422
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,764 /month
Positive
Cash Flow Estimate:
$588 /month

Interested in this property?

Melissa Minyard

Premier Legacy Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,080
$277,800
2025
$45,740
$232,060
$277,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,080
$277,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Conventional
$212,000
No
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,338
$93,662
31%
68%
$1,272/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: West Tawakoni

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1101 Redoak Drive | Property Details | No Agent List