B+

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Owner Contacts

$366,000

NAL Estimated Property Value

116 Paseo Patricia St, Gun Barrel City, TX, 75156

Off Market

3 Beds

2 Bath

1,414 Sq Ft

Single Family Residence

$240.38 / sqft

Built in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

AppliancesDishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built2009

Garage Spaces2

Land Information

APN2025-0000-3660-53

Lot Number366

SubdivisionArbolado (163)

Land UseResidential

Legal DescriptionAB 696 H M STRODE SUR, ARBOLADO LT 366, C/63

Census Tract950603

Assessed Land Value$20,000

Assessed Improvement Value$322,081

Assessment Year2025

About this property

Two Lots, Waterfront Access, & Move In Ready! This well maintained 3 bedroom 2 bath home is located in a sought after neighborhood in the heart of Gun Barrel City & just a couple of blocks from the lake! Very open concept living with tray ceiling, recessed lighting, & custom crown finish outs. Combination kitchen-dining area offers pretty oak cabinets, granite counters, & provides ample cabinet-counter top space for meal preparation & entertaining. Spacious master suite & bath featuring two counter height vanities, separate walk-in shower, oversized soaking tub, & walk-in closet. Split bedroom arrangement provides privacy to all & the second full bath offers shower tub combo & counter height vanity with granite counters. Huge fenced backyard with great covered patio & large wood deck nestled under a canopy of gorgeous shade trees. Nice size storage building perfect for storing tools & lawn equipment. Additional buildable lot offers space for expansion or keep for yourself & enjoy!

Investor Tools

$366,000

Estimated Property Value

$135,836Estimated Mortgage Balance

$230,164Estimated Equity

62% equity

Estimated Cap Rate

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Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,196 /month

Positive

Cash Flow Estimate:

$732 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$200/month

$75/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$567

$342,081

2025

$20,000

$322,081

$342,081

Tax History

Year

Tax Paid

Assessed Value

2024

$567

$342,081

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Horizon Bank

Conventional

$140,000

First

Sep 27, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$135,836

$230,164

62%

37%

$840/mo

Learn About the Market: Opportunity in Texas

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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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