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Days2629Days on Market
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$380,000

$400,000

116 Isle Of View Dr, Tool, TX, 75143

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.99 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Lighting

Building Information

Year Built1972
Roof Type105
Garage Spaces5

Land Information

APN3180-0002-0050-63
Lot Number5
SubdivisionIsle Of View #1 (57)
Land UseResidential
Legal DescriptionLT 5 AB 488 T S MITCHELL SUR, ISLE OF VIEW #1, BLK 2 LT 5
Census Tract950801
Assessed Land Value$2,000
Assessed Improvement Value$340,353
Assessment Year2025

About this property

Isle of View. The name says it all. Set directly across the street from Cedar Creek Lake on an elevated lot, this 3 bed, 2 bath home captures panoramic open water views from inside and out. It offers the rare feeling of lake living without being waterfront and scenery that steals the show from morning to night. The upper level serves as the main living space and was designed to make the most of the view. The living area, kitchen, main bedroom and bath are all positioned with a full length deck that frames the home and creates an unforgettable place to start the day. Imagine stepping outside with your morning drink, watching the sunrise over Cedar Creek Lake. Downstairs, the home continues with two bedrooms, full bath, second living area, office space, bar and laundry. A covered porch runs the length of the home, offering another place to enjoy the lake breeze, mature trees and wide open views. Whether you are hosting guests, working remotely or simply escaping for the weekend, the layout gives you room to spread out and settle in. The outdoor living space leans into its vacation everyday personality. In addition to the upper deck and lower covered porch, there is a massive open side deck ready for dinner parties, sunset conversations, weekend cookouts or a few friends who “just stopped by” and stayed all evening. A detached two car garage, one car carport, hardwood floors, towering mature trees and included furnishings add value and convenience. Just steps away, the private community boat ramp makes it easy to enjoy boating, fishing, kayaking or simply getting closer to the water when the lake calls. Short term rentals are allowed, making this a compelling option for a full time retreat, weekend getaway or investment property near Cedar Creek Lake. 116 Isle of View in Tool Texas is relaxed, memorable and full of lake area charm. It is the kind of place that invites you to unpack, exhale and stay awhile. Come see it for yourself!

Investor Tools

$137,085Estimated Mortgage Balance
$205,575Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

Interested in this property?

Jamye Montgomery

KW-Cedar Creek Lake Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$645/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,025
$342,353
2025
$2,000
$340,353
$342,353
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,025
$342,353

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$160,000
No
First
Apr 23, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,085
$205,268
59%
40%
$960/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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116 Isle Of View Dr | Property Details | No Agent List