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$1,300,000

119 Casey Ln, Graford, TX, 76449

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,378 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$546.68 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBoat Slip, Dock, Dog Run, Private Entrance, Private Yard
Lot Size33,628 sqft

Building Information

Year Built2007
Garage Spaces4

Land Information

APN194100000
Lot Number4
SubdivisionPk Lake 47-1-19 Area 10-F
Land UseResidential
Legal DescriptionPK LAKE 47-1-19 AREA 10-F LOT 4 (FEE SIMPLE .700 AC & FERC .072 AC) G#P0500-00-100F0-004-00-0 DOCK #7350/Y
Census Tract000100
Assessed Land Value$490,970
Assessed Improvement Value$497,030
Assessment Year2025

About this property

Looking for a Possum Kingdom Lake waterfront home where family, friends, boats, an RV & all your lake toys have room to come along? This gated 3-bedroom, 3-bath property offers 2,378 sq. ft. of flexible living space on an oversized waterfront lot with 120 ft. of shoreline, beautiful lake views, a 2-story dock, private boat launch, guesthouse, insulated drive-through shop & no HOA! Designed for relaxed full-time or weekend living, the open-concept home features an oversized living room with room for generous seating, plus a spacious kitchen with gas range, abundant cabinetry & pantry storage. The primary suite offers double closets, a large walk-in tile shower & jetted tub. Extra closets, built-ins & a spacious laundry room make lake living even easier. Step outside and this property really shines. Morning coffee, sunset drinks & lake days start right here on the wraparound deck and covered patio overlooking the water. The level fenced yard features underground sprinklers supplied by lake water, while the asphalt driveway provides plenty of parking and extends all the way to the waterfront for easy dock access. The separate lake view guesthouse, included in the total square footage, has a half bath & wet bar—perfect for overnight guests, a game room or private retreat. The insulated drive-through shop offers plenty of room for boats, vehicles, lake toys & projects, with a separate shed for lawn equipment. A 2024 TPO roof adds energy efficiency, and a new water heater was installed in 2026. Water depth was approximately 13.5 ft. at the dock when listed and approximately 16 ft. when the lake is full. Dock & walkway need minor improvements and are sold as-is. Bring the boat, invite the family and start making memories at Possum Kingdom Lake!

Investor Tools

$488,631Estimated Mortgage Balance
$502,113Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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RE/MAX Elite Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,295/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,595
$988,000
2025
$490,970
$497,030
$988,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,595
$988,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broker Solutions Inc
Conventional
$532,080
No
First
Jan 15, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$488,631
$499,369
50%
49%
$3,191/mo

Learn About the Market: Opportunity in Texas

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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.

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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: Graford

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119 Casey Ln | Property Details | No Agent List