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$293,875

NAL Estimated Property Value

123 Elaina Dr, Trinidad, TX, 75163

$319,778 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,232 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$263.8 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Oven, Electric Range
FlooringOther

Building Information

Year Built1989
Garage Spaces5

Land Information

APN4355-0000-0110-60
Lot Number11
SubdivisionThree Way View #2 (14)
Land UseResidential
Legal DescriptionLTON SUR AB 814 J L WALTON SUR, THREE WAY VIEW #2, LT 11
Census Tract950802
Assessed Land Value$157,500
Assessed Improvement Value$136,375
Assessment Year2025

About this property

Wonderful home on the water ready for fun weekends with family and friends or full-time lake living. The open layout creates an inviting atmosphere to play games and head out to the lake and enjoy boating, skiing, and tubing. Spacious 3 bedrooms (Split Arrangements) and 2 baths, room for the entire family. Or if you are ready for lake living every day, enjoy a peaceful and serene setting watching beautiful sunsets. If extra income is in your plans, this is one of the few areas around the lake that has no restrictions on Airbnb or short-term rentals. Ideally set up for those looking to get out of the city on a long weekend or week-long trip. This house provides an updated kitchen, bathrooms, and flooring. A newer roof (2021) New HVAC (2022) updated electrical (2022) and an emergency whole home power generator. Great front and back covered porches.

Investor Tools

Property Icon
$293,875
Estimated Property Value
$189,644Estimated Mortgage Balance
$104,231Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$319,777
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$451/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,943
$293,875
2025
$157,500
$136,375
$293,875
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,943
$293,875

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citadel Servicing Corporation
Conventional
$200,000
No
First
Jul 21, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,644
$104,231
35%
65%
$1,200/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: Trinidad

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123 Elaina Dr | Property Details | No Agent List