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$789,000

1244 Shadow Lakes Drive, Wills Point, TX, 75169

$792,021 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,153 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.98 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size1.74 acres

Building Information

Year Built2007
Stories2
Roof Type105
Garage Spaces3

Land Information

APN00.3325.0006.0007.00.99.00
Lot Number7
SubdivisionShadow Lakes Ph 1
Land UseResidential
Legal DescriptionSHADOW LAKES PH 1, BLOCK 6, LOT 7; & HOUSE & HOUSE
Census Tract050602
Assessed Land Value$103,080
Assessed Improvement Value$788,611
Assessment Year2025

About this property

Impeccably maintained and custom built to perfection! Welcome to 1244 Shadow Lakes Drive! Sitting on just under 2 acres, this beautiful home offers space for everyone. 4 bedrooms, a formal dining, office, game room, media room, 3.5 baths, 3 and a half car garage. The master suite includes a sitting area with fireplace, a bonus workout room, a huge walk in shower and a oversized jacuzzi tub. Bedrooms are split and one offers an ensuite, perfect for your guest. Upstairs you will enjoy the game room with a mini kitchen, pool table and the fabulous media room with a big screen. The backyard is an oasis with a sparkling pool, hot tub and it's also fully fenced. Please ask for a list of all upgrades.

Investor Tools

Property Icon
$891,691
Estimated Property Value
$0Estimated Mortgage Balance
$216,835Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$792,021
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,350 /month
Positive
Cash Flow Estimate:
$1,783 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,125/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,046
$891,691
2025
$103,080
$788,611
$891,691
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,046
$891,691

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$647,200
No
First
Feb 25, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$674,856
$216,835
24%
76%
$4,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$4,949/mo
$-2,377/mo
3.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Wills Point

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1244 Shadow Lakes Drive | Property Details | No Agent List