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$365,000

NAL Estimated Property Value

1227 Lake Terrace Dr, Elgin, TX, 78621

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,562 Sq Ft
price_per_sqft$150.45 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Tile

Exterior

Exterior FeaturesDog Run, Private Yard
Lot Size20,778 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR13318
Lot Number18
SubdivisionS7960 - Sunset Heights
Land UseResidential
Legal DescriptionSUNSET HEIGHTS, BLOCK 4, LOT 18
Census Tract950202
Assessed Land Value$152,815
Assessed Improvement Value$212,185
Assessment Year2025

About this property

wonderful home nestled in a canopy of trees. Home has updated kitchen and bathroom, granite countertops. Wood burning fireplace. Breakfast area and large formal dining room with extra sitting area. Closed in back porch plus bonus room off porch that would be perfect for your home office. Additional Guest home that is currently used as an Arbnb. Located close to schools and shopping.

Investor Tools

Property Icon
$365,000
Estimated Property Value
$319,230Estimated Mortgage Balance
$45,770Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$881/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,751
$365,000
2025
$152,815
$212,185
$365,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,751
$365,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$350,910
No
First
Aug 16, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$319,230
$45,770
12%
87%
$2,104/mo

City: Elgin

1227 Lake Terrace Dr | Property Details | No Agent List