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Owner Contacts

$173,000

NAL Estimated Property Value

1120 Redoak Dr, West Tawakoni, TX, 75474

$187,979 ARV

Off Market

3 Beds

2 Bath

1,568 Sq Ft

Manufactured Home

$111.61 / sqft

Built in 1997

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

AppliancesDishwasher, Electric Range

FlooringCarpet, Ceramic Tile, Laminate, Tile

Exterior

Exterior FeaturesStorage

Lot Size19,284 sqft

Building Information

Year Built1997

Stories1

Garage Spaces2

Land Information

APN2655-000C-0020-58

Lot Number2,4

SubdivisionCrest Park Addition # 2

Land UseResidential

Legal DescriptionS2655 CREST PARK ADDITION # 2 BLK C LOT 2 & 4 ACRES .4427

Census Tract961600

Assessed Land Value$47,140

Assessed Improvement Value$78,190

Assessment Year2025

About this property

Well maintained Palm Harbor home in West Tawakoni just minutes from beautiful Lake Tawakoni. This 3 bedroom 2 bath home has been lovingly cared for and offers spacious living areas with room to relax and entertain. Enjoy the large 8 by 17 covered deck overlooking a fully fenced corner lot of about half an acre with two gated entries. The property includes a 10 by 20 storage building with electricity a koi pond and two generous carports. One carport is 19 by 30 at the driveway and the second is 16 by 9 on a slab foundation that can also be used as an outdoor entertaining space. The AC unit was replaced in 2023. Plenty of parking for cars boats and guests. No HOA. Lake Tawakoni is known for excellent fishing boating and outdoor recreation with several public boat ramps parks and the popular Lake Tawakoni State Park close by. This home offers a peaceful setting that makes a perfect weekend retreat or a full time residence for anyone who loves the lake lifestyle.

Investor Tools

$173,000

Estimated Property Value

$155,896Estimated Mortgage Balance

$17,104Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$187,979

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,050 /month

Positive

Cash Flow Estimate:

$350 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$244/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,068

$125,330

2025

$47,140

$78,190

$125,330

Tax History

Year

Tax Paid

Assessed Value

2024

$2,068

$125,330

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Triad Financial Services Inc

Conventional

$157,500

First

Oct 9, 2025

Nov 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$155,896

$17,104

90%

$945/mo

Learn About the Market: Opportunity in Texas

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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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