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Days58Days on Market
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$289,000

$294,000

129 King Arthur Rd, Mabank, TX, 75156

$375,700 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,834 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.58 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Must-SellARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave
FlooringVinyl

Building Information

Year Built1979
Roof Type105
Garage Spaces2

Land Information

APN4340-0000-0150-50
Lot Number15
SubdivisionThree Harbors (153)
Land UseResidential
Legal DescriptionLT 15 AB 488 T S MITCHELL SUR, THREE HARBORS LT 15
Census Tract950905
Assessed Land Value$15,000
Assessed Improvement Value$238,408
Assessment Year2025

About this property

Located near Cedar Creek Lake, this beautifully updated 3-bedroom, 3.5-bathroom home offers lake views and is situated on two lots, providing additional space for outdoor use and flexibility. Each bedroom includes an ensuite bathroom, offering a functional layout for occupants and guests. The interior features an open-concept kitchen and living area designed for everyday living and gatherings. The kitchen has been fully renovated and reconfigured to create a more open and usable space. An oversized utility room offers the option for a home office, workspace, or additional storage. Recent updates completed by the current owners include foundation leveling, exterior paint, a renovated kitchen, and the addition of a half bathroom in the garage. The exterior includes multiple covered porches, mature shade trees, and a concrete driveway with space for multiple vehicles. The property is not subject to an HOA. Buyer and buyer agent to verify all information.

Investor Tools

$82,964Estimated Mortgage Balance
$214,977Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$375,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,186
$253,408
2025
$15,000
$238,408
$253,408
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,186
$253,408

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$157,500
No
First
Feb 6, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,964
$229,036
73%
28%
$728/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.

Explore Texas Explore This Area
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: Mabank

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