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$175,695

NAL Estimated Property Value

118 Island Drive, Lake City, TX, 78368

$228,404 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,860 Sq Ft
price_per_sqft$88.71 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range
FlooringCarpet, Tile

Exterior

Lot Size20,473 sqft

Building Information

Year Built1956
Roof Type112
Garage Spaces1

Land Information

APN1702-0000-0080-000
Lot Number40,80
SubdivisionSleepy Hollow Camp
Land UseOther / Unknown
Legal DescriptionSLEEPY HOLLOW CAMP LOT 80 & 40' S LOT 80
Census Tract011200
Assessed Land Value$26,820
Assessed Improvement Value$148,875
Assessment Year2025

About this property

Tucked beneath a shady canopy of mature trees in Lake City, this spacious 3-bedroom, 2-bath home is just a short stroll from Mathis Lake and the public boat ramp. Step inside and view the spacious layout, including a massive living area. The primary bedroom is located downstairs, while two additional bedrooms upstairs offer privacy with a shared full bath. Newer windows throughout bring in the natural light and views of the surrounding greenery. Outside, the oversized lot is awesome for anyone with extra vehicles, boats, or toys—and the large metal shop provides covered parking or an area for weekend projects. Whether you're looking for a getaway or a full-time home near the lake, this property has the space you need.

Investor Tools

Property Icon
$175,695
Estimated Property Value
$0Estimated Mortgage Balance
$175,695Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$228,404
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,054 /month
Positive
Cash Flow Estimate:
$351 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$140/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$798
$175,695
2025
$26,820
$148,875
$175,695
No

Tax History

Year
Tax Paid
Assessed Value
2023
$798
$175,695

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$175,695
100%
0%
$0/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: Lake City

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118 Island Drive | Property Details | No Agent List