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$258,000

NAL Estimated Property Value

131 Oaklane Dr, Hemphill, TX, 75948

$283,717 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,200 Sq Ft
price_per_sqft$220.83 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesENERGY STAR Qualified Appliances, Electric Oven, Microwave, Electric Range
FlooringConcrete

Exterior

Lot Size27,007 sqft

Land Information

APNR000160781
Land UseResidential
Legal DescriptionACRES: 0.620 LOT: 46 SUBD: DOGWOOD FOREST #1 HOUSE & IMPROVEMENTS
Census Tract950300
Assessed Land Value$27,130
Assessed Improvement Value$189,910
Assessment Year2025

About this property

Discover your dream lakeside living with this exceptional property on the breathtaking Toledo Bend Lake. Nestled within the serene Dogwood Forest Estates in the Fairmount Community, this 3-bedroom, 2-bathroom barndominium offers 1,200 square feet of comfort and style. Set on a generous 1.22 acres across 2 lots giving you the possibility of adding a shop, guest home or just elbow room - this remarkable property combines rustic charm with modern convenience. Enjoy captivating views from the large covered patio overlooking the quiet cove—perfect for morning coffee or evening relaxation. Enjoy the benefits of a restricted HOA neighborhood, ensuring a peaceful and well-maintained environment. Imagine waking up to adventures right at your doorstep and spending your days exploring the natural beauty surrounding your new home. Seize this rare opportunity to make lakeside living your reality. Schedule your showing today!

Investor Tools

Property Icon
$258,000
Estimated Property Value
$278,164Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$283,717
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,547
$217,040
2025
$27,130
$189,910
$217,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,547
$217,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$144,500
No
First
Apr 25, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,164
N/A
0%
108%
$1,734/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: Hemphill

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131 Oaklane Dr | Property Details | No Agent List