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$500,917

NAL Estimated Property Value

118 Private Road 7009, Frankston, TX, 75763

$651,192 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,542 Sq Ft
price_per_sqft$194.93 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDisposal, Electric Cooktop, Electric Oven, Electric Water Heater, Double Oven
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size23,801 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN62117
Lot Number36
SubdivisionThe Meadows Subdivision
Land UseResidential
Legal DescriptionMEADOWS SECTION I LOT 36
Census Tract950100
Assessed Land Value$35,000
Assessed Improvement Value$465,917
Assessment Year2025

About this property

This exquisite 3bdrm, 3 full bath home located in the serene Lake Palestine community, offering multiple breathtaking views of the lake. Features a formal dining room, an open living area, a kitchen with a breakfast nook, & granite countertops complemented by a convenient breakfast bar. Beautiful hardwood floors extend through the living area, formal dining room, and office, adding a touch of elegance to the home. Upstairs you’ll find the 3rd bdrm that can hold two full beds or use one of the spaces for a 2nd living area with full bath for convenience. Enjoy your morning coffee on the covered front porch while taking in the scenic views of Lake Palestine as well as the exceptional landscaping. The large covered back patio, complete with a breezeway,is perfect for outdoor gatherings & relaxation. As an added bonus, you have a detached storage 384 sqft bldg. The community offers boat ramp & common area and with low HOA fees this is an exceptional find in a desirable lake community!

Investor Tools

Property Icon
$500,917
Estimated Property Value
$87,838Estimated Mortgage Balance
$413,431Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$651,192
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,006 /month
Positive
Cash Flow Estimate:
$1,002 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,001
$500,917
2025
$35,000
$465,917
$500,917
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,001
$500,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Davis Family Lending Llc
Conventional
$135,000
No
First
Jun 8, 2011
Jul 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,838
$413,079
82%
18%
$810/mo

City: Frankston

118 Private Road 7009 | Property Details | No Agent List