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$558,000

NAL Estimated Property Value

1116 Maloma Ct, Tool, TX, 75143

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,816 Sq Ft
price_per_sqft$324.34 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringVinyl

Exterior

Exterior FeaturesBoat Slip, Dock, Fire Pit, Rain Gutters

Building Information

Year Built2007
Garage Spaces2

Land Information

APN3745-0000-0800-63
Lot Number80
SubdivisionParadise Bay (2214)
Land UseResidential
Legal DescriptionLT 80 AB 660 N G RUSSELL SUR, PARADISE BAY LT 80, C/75
Census Tract950802
Assessed Land Value$337,500
Assessed Improvement Value$205,275
Assessment Year2025

About this property

Looking for space both indoors and out? This fully renovated Cedar Creek Lake home sits on approximately three-quarter acres! The property features over 200 feet of waterfront and includes boat dock, large covered porch, waterside deck, and fire pit. Recently updated throughout: HVAC system, both bathrooms, kitchen counters, flooring and paint throughout, lighting fixtures and fans, plumbing fixtures, and more (see full updates list). Open layout featuring three bedrooms, two bathrooms, a separate office-library with built-in bunks, and attached two-car garage. The home also comes with a covered parking space for a RV or boat, storage shed, plenty of parking for family and guests, and the entire backyard area is enclosed with a wrought iron fence. The community features it's own boat ramp just around the corner from this home. ** Be sure to check out the Virtual Tour and Floor Plan **

Investor Tools

Property Icon
$558,000
Estimated Property Value
$482,746Estimated Mortgage Balance
$75,254Estimated Equity
13% 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

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,289/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,682
$542,775
2025
$337,500
$205,275
$542,775
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,682
$542,775

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$492,150
No
First
Apr 7, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$482,746
$75,254
13%
87%
$2,951/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.

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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: Tool

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