B+

NoAgentList RatingHow are grades calculated?

1view

$498,000

1233 Green Elm Road, Possum Kingdom Lake, TX, 76449

Off Market

3 Beds

3 Bath

2,035 Sq Ft

Single Family Residence

$209.83 / sqft

Built in 2021

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 3

AppliancesDishwasher, Disposal, Electric Range, Refrigerator

FlooringCeramic Tile

Exterior

Lot Size21,780 sqft

Building Information

Year Built2021

Garage Spaces4

Land Information

APN226290490

Lot Number2

SubdivisionWater Ridge Estates

Land UseResidential

Legal DescriptionWATER RIDGE ESTATES BLK D LOT 2 G#W0500-00-000D0-002-00-0

Census Tract000100

Assessed Land Value$65,340

Assessed Improvement Value$383,700

Assessment Year2025

About this property

New Modern Farmhouse Lake home built in 2021 in Possum Kingdoms new Resort Community! Water Ridge Estates. This beautiful home features 3 bedrooms and 3 baths as well as a Bonus room to be used however you like- bunk room, formal dining, office or den. Bright and Airy white eat in kitchen dining and adjoining living area all comfortably appointed. The cozy covered patio offers a wood burning fireplace, built in grill and sink in a cozy setting with a private fenced yard. Oversized garage to accommodate your lake toys is a special bonus! Amenity rich Water Ridge boasts resort style swimming pool, sand volleyball court, playground, private access to Tranquility Cove. Property owners will have access to private boat ramp, boat slips, covered outdoor seating, swimming area, community clubhouse and more. All conveniently located near PK's HUB Restaurants, Groceries and Boutiques. This home comes partially furnished and ready to enjoy lake life now!

Investor Tools

$498,000

Estimated Property Value

$0Estimated Mortgage Balance

$202,963Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,988 /month

Positive

Cash Flow Estimate:

$996 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$676/month

$750/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,618

$449,040

2025

$65,340

$383,700

$449,040

Tax History

Year

Tax Paid

Assessed Value

2024

$5,618

$449,040

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Colonial Savings Fa

Conventional

$312,750

First

Apr 20, 2023

May 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$295,037

$202,963

40%

59%

$1,876/mo

Learn About the Market: Opportunity in Texas

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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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