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$495,267

NAL Estimated Property Value

123 Ocean Dr, Gun Barrel City, TX, 75156

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,592 Sq Ft
price_per_sqft$298.37 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard, Storage

Building Information

Year Built1969
Roof Type105
Garage Spaces2

Land Information

APN2675-0000-3030-53
Lot Number303,304
SubdivisionEastwood Islands (348)
Land UseResidential
Legal Description304R AB 488 T S MITCHELL SUR, EASTWOOD ISLANDS, LT 304R (RE:LTS 303 LESS 22' & 304) REPLAT G/77
Census Tract950603
Assessed Land Value$30,000
Assessed Improvement Value$465,267
Assessment Year2025

About this property

Step into this captivating modern home that redefines luxury living with an array of exceptional upgrades! The exterior boasts high-quality hardy board siding and a durable metal roof, both designed to withstand the elements while enhancing the home’s curb appeal. Inside, you’ll be welcomed by the warmth of energy-efficient spray foam insulation that ensures comfort year-round. The heart of the home features beautifully crafted custom cabinets, providing both functionality and elegance to your kitchen and living spaces. A dedicated art studio awaits your creativity, offering an inspiring environment for creation and exploration of your artistic endeavors. Venture outdoors to discover a stunning backyard oasis, complete with a pristine swimming pool and spa that promise endless relaxation and entertainment options. The low-maintenance lawn allows you to spend less time on upkeep and more time enjoying your space. For added convenience, a well-sized shed provides ample storage for your outdoor equipment or hobbies. Best of all, you can bask in breathtaking water views that create a serene backdrop without incurring waterfront taxes. This remarkable property combines luxury, practicality, and stunning scenery in one perfect package—don’t miss the chance to call it home!

Investor Tools

Property Icon
$495,267
Estimated Property Value
$331,557Estimated Mortgage Balance
$163,710Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,972 /month
Positive
Cash Flow Estimate:
$991 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,167
$495,267
2025
$30,000
$465,267
$495,267
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,167
$495,267

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Loan Store Inc
Conventional
$337,500
No
First
May 13, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,557
$163,710
33%
67%
$2,024/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: Gun Barrel City

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