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$315,000

NAL Estimated Property Value

1220 Lake Terrace Dr, Elgin, TX, 78621

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,799 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$93.89 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Range
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size14,810 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR13290
Lot Number4
SubdivisionS7960 - Sunset Heights
Land UseResidential
Legal DescriptionSUNSET HEIGHTS, BLOCK 4, LOT 4
Census Tract950202
Assessed Land Value$137,212
Assessed Improvement Value$171,994
Assessment Year2025

About this property

3 bedroom 2 bath home that sits on big lot nestled under trees, located in much desired older neighborhood. Enjoy the beautiful deck, overlooking fenced in yard, with large garden. Home has hard wood floors, lots of natural light, fireplace, formal dining, large living room and granite kitchen counter tops, plus large utility room. Looking for a little privacy but close to schools and shopping, this is the place! Includes tax id R95661 50x50 foot lot not noted in lot size.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$315,000
Estimated Property Value
$98,011Estimated Mortgage Balance
$216,989Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,019
$309,206
2025
$137,212
$171,994
$309,206
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,019
$309,206

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A+ Fcu
Conventional
$109,000
No
First
Feb 9, 2021
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,011
$216,989
68%
31%
$654/mo

City: Elgin

1220 Lake Terrace Dr | Property Details | No Agent List