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B+
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Days151Days on Market
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$3,089,000

118 King Lance Ct, Scroggins, TX, 75480

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths5,048 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$611.93 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan, Wine Cooler
FlooringConcrete, Stone, Wood

Exterior

Exterior FeaturesBoat Slip
Lot Size22,364 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN02201-00000-00009-000000
Lot Number8-10
SubdivisionKings Country
Land UseResidential
Legal DescriptionA-455 STARNS & A-277 LACY LT 9R-1 SEC 2 KINGS CO (LTS 8-10 R/P 245A) LEASEHOLD STRUCTURAL ELEVATION ; 395.708
Census Tract950101
Assessed Land Value$1,101,700
Assessed Improvement Value$2,239,610
Assessment Year2025

About this property

Welcome to lake life at its best on Lake Cypress Springs. Set on a rare main lake point, 118 King Lance offers breathtaking views and over 300 feet of shoreline, giving you water on two sides and endless places to relax and play. The cedar and stone home sits tucked among mature trees, creating a private, peaceful setting. With 5 bedrooms and 4 baths across three levels, there’s plenty of space for family and friends to gather. Large outdoor living areas make it easy to enjoy morning coffee, sunset dinners, and everything in between. The property has been fully renovated by LRO Residential, so it’s ready for immediate enjoyment. The oversized boathouse—with two boat slips and a separate PWC slip—means long weekends on the water are always within reach.

Investor Tools

$1,649,929Estimated Mortgage Balance
$1,691,381Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,048 /month
Positive
Cash Flow Estimate:
$6,683 /month

Interested in this property?

Les Owens

LRO Residential Development

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,967/month
$285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$42,893
$3,341,310
2025
$1,101,700
$2,239,610
$3,341,310
No

Tax History

Year
Tax Paid
Assessed Value
2025
$42,893
$3,341,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebank Texas
Commercial
$1,800,000
No
First
Dec 3, 2021
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,649,929
$1,691,381
50%
49%
$10,792/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: Scroggins

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118 King Lance Ct | Property Details | No Agent List