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$260,000

NAL Estimated Property Value

118 Lakewood Dr, Mabank, TX, 75156

$302,379 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$278.87 / sqft

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile, Other

Exterior

Exterior FeaturesBoat Slip, Dock, Fire Pit, Storage, Other

Land Information

APN4295-0000-0210-50
Lot Number21
SubdivisionTanglewood Shores (112)
Land UseResidential
Legal DescriptionLT 21 AB 488 T S MITCHELL SUR, TANGLEWOOD SHORES LT 21
Census Tract950601
Assessed Land Value$180,000
Assessed Improvement Value$57,181
Assessment Year2025

About this property

Wonderful open water property! 2-2 mobile with 1-1 guesthouse. Mobile home in need of repair or replacement. Guest house and home share covered deck with amazing views and breezes. Both have new roofs in past two years. Property includes 24' x 30' steel building, boathouse with power lift and party deck, wrought iron fencing, all on large waterfront lot. Furnishings inside mobile included. Come see this and make it your own!

Investor Tools

Property Icon
$260,000
Estimated Property Value
$384,139Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$302,378
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$195/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,041
$237,181
2025
$180,000
$57,181
$237,181
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,041
$237,181

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Equity Prime Mortgage Llc
Fha
$404,430
Yes
First
Aug 31, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$384,139
N/A
0%
148%
$2,425/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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118 Lakewood Dr | Property Details | No Agent List