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$273,000

NAL Estimated Property Value

128 County Road 1942, Gary City, TX, 75643

$354,900 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,856 Sq Ft
price_per_sqft$137.39 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Microwave, Refrigerator, Electric Water Heater
FlooringVinyl

Exterior

Exterior FeaturesBoat Slip

Building Information

Year Built1968

Land Information

APN5203
Lot Number57
Land UseResidential
Legal DescriptionJIMERSON SL #1 LT 57, PT 58 LAKE MURVAUL
Census Tract950500
Assessed Land Value$50,420
Assessed Improvement Value$173,420
Assessment Year2025

About this property

Nestled on the tranquil shores of Murvaul, this charming 2-bedroom, 2-bathroom lake house, built in 1968, offers the perfect blend of timeless character and serene lakeside living. With stunning water views from nearly every room, the home features a cozy yet spacious layout ideal for relaxing or entertaining. The inviting living room boasts large windows that frame picturesque lake views, creating the perfect spot to unwind. There is also a enclosed sun porch that has removeable windows. Both bedrooms are generously sized, with the primary suite offering an en-suite bathroom for added privacy and convenience. The second bedroom is versatile, perfect for guests or as a home office. The home also includes a second full bath with classic fixtures. Outside, the large deck is the perfect place to enjoy a morning coffee or evening sunset while overlooking the sparkling lake. The spacious yard offers plenty of room for outdoor activities, and with direct lake access, you can easily enjoy swimming, kayaking, or fishing right from your backyard. For boating enthusiasts, this property boasts a private dock and boathouse, making it effortless to enjoy all the lake has to offer. The dock provides two boat slips for plenty of space for your boat, jet skis, and other watercraft, while the boathouse offers convenient storage for all your lake gear. Whether you love spending time on the water or just want to relax by the shore, this property is a perfect fit. Located in a quiet, peaceful neighborhood, this lake house provides the ideal retreat. Whether you're looking for a weekend getaway or a permanent lakeside escape, this property is ready to welcome you home.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$354,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /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
$4,051
$223,840
2025
$50,420
$173,420
$223,840
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,051
$223,840

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/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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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: Gary City

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128 County Road 1942 | Property Details | No Agent List