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$832,466

NAL Estimated Property Value

120 Ridgeoak Way, Tool, TX, 75143

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,858 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$449.41 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBoat Slip, Dock

Building Information

Year Built1966
Roof Type105
Garage Spaces1

Land Information

APN3310-0001-0650-63
Lot Number65
SubdivisionLakeway Ests (165)
Land UseResidential
Legal DescriptionLT 65 ABS 93/488 BROWN/MITCHELL SURS, LAKEWAY ESTATES, BLK 1 LT 65
Census Tract950802
Assessed Land Value$411,000
Assessed Improvement Value$421,466
Assessment Year2025

About this property

IT’S ALL ABOUT THE LAKE! 137+ ft of Lakefront! Lakelocation, Lakefun, Laketherapy, Lakeescape, Lakememories!! One-story 3Bed, 2Bath waterfront on Cedar Creek Lake. Open concept living with luxury vinyl plank floor installed 2019. Greatroom offers kitchen, dining, den, wood burning fireplace. Expansive wall-of-windows maximizes the waterview. Generous bedrooms, primary en-suite + large walk-in closet. Updated windows throughout. Living space overflows to 645+ sqft covered porch. Amazing sunsets views. Property rests on a calm large lake bend provides views of wide open water. Lakewater sprinkler system maintains lush yard. Lakefront reinforced retaining wall and sidewalk, both 137+ ft long, installed in 2019. Boathouse enjoys 9-12+ ft deep water, electric lift, slip for ski and fishing boat + 3 smaller watercraft. Lakeway Estates is a well-kept Tool neighborhood. Boat launch just minutes from property. Close to town, Well maintained roads. See MLS docs for list of recent upgrades.

Investor Tools

Property Icon
$832,466
Estimated Property Value
$0Estimated Mortgage Balance
$832,466Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,010 /month
Positive
Cash Flow Estimate:
$1,670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,159/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,745
$832,466
2025
$411,000
$421,466
$832,466
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,745
$832,466

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$832,466
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.

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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: Tool

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120 Ridgeoak Way | Property Details | No Agent List