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$129,332

NAL Estimated Property Value

122 3rd Street, Lake City, TX, 78368

$142,887 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,340 Sq Ft
price_per_sqft$49.18 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher
FlooringLaminate, Tile

Exterior

Exterior FeaturesOther
Lot Size17,903 sqft

Building Information

Year Built1955
Roof Type112
Garage Spaces1

Land Information

APN0973-0003-0011-002
Lot Number11-12
SubdivisionMesquite Acres Unit I
Land UseOther / Unknown
Legal DescriptionMESQUITE ACRES UNIT I BLK 3 LOT 11, 12
Census Tract011200
Assessed Land Value$25,601
Assessed Improvement Value$103,731
Assessment Year2025

About this property

This 2 bedroom, 1-bath home has a head start on renovations—finish it out and add instant value. A spacious extra room offers potential for a 3rd bedroom. Large yard perfect for outdoor living, plus a detached garage ready for your custom touch. Great opportunity to build equity fast!

Investor Tools

Property Icon
$129,332
Estimated Property Value
$58,399Estimated Mortgage Balance
$70,933Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$142,886
Rent-to-Value Ratio: 0.72%
Rent Estimate
$776 /month
Positive
Cash Flow Estimate:
$259 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$617
$129,332
2025
$25,601
$103,731
$129,332
No

Tax History

Year
Tax Paid
Assessed Value
2023
$617
$129,332

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gail Denise Shepler
Unknown
$59,000
No
First
Sep 23, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,399
$70,933
54%
45%
$354/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lake City

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122 3rd Street | Property Details | No Agent List