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$450,000

117 Canal Street, Mabank, TX, 75156

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,224 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$367.65 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesBoat Slip, Dock

Land Information

APN2085-0000-2300-50
Lot Number230
SubdivisionBaywood Estates (315)
Land UseResidential
Legal DescriptionAB 59 J P BROWN SUR, BAYWOOD ESTATES, LT 230
Census Tract950905
Assessed Land Value$258,000
Assessed Improvement Value$212,825
Assessment Year2025

About this property

Breathtaking views from this waterfront home with screened-in porch, wood deck and covered dock with boat lift!! Perfect spot to watch family and friends tube and water ski right in front of you or just enjoy those evening sunsets! Home sits back on treed lot with long gravel driveway, large storage shed, lots of windows, vaulted ceilings, laminate flooring, 2 bedrooms, 1 bath recently updated. Large living room with woodburning fireplace wraps around open kitchen area with large island and leads to dining room with wall of windows and view of the the lake, large laundry area can be used as third sleeping area. Enjoy the screened-in porch looking out to backyard area, and open water!! Great opportunity for a relaxing getaway just an hour from Dallas and in the quaint town of Mabank.

Investor Tools

Property Icon
$470,825
Estimated Property Value
$0Estimated Mortgage Balance
$114,395Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,825 /month
Positive
Cash Flow Estimate:
$942 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,203
$470,825
2025
$258,000
$212,825
$470,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,203
$470,825

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$382,500
No
First
Sep 7, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$356,430
$114,395
24%
76%
$2,294/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: Mabank

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