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$379,900

131 San Felipe Drive, Mabank, TX, 75156

$391,288 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,760 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.85 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1997
Roof Type105
Garage Spaces2

Land Information

APN4170-0000-1470-50
Lot Number147
SubdivisionSpanish Shores (171)
Land UseResidential
Legal DescriptionLT 147 AB 483 B MEDRO SUR, SPANISH SHORES LT 147, B/107
Census Tract950601
Assessed Land Value$15,000
Assessed Improvement Value$289,514
Assessment Year2025

About this property

Extensively remodeled home in the gated Spanish Shores community with beautiful water views, quality finishes throughout, and neighborhood boat launch access just a short walk away. This 4 bedroom, 2 bathroom, 2-story home offers approximately 1,760 square feet with soaring vaulted ceilings, tall windows, a stone wood-burning fireplace, and a standout spiral staircase that gives the main living space real character. The renovation includes new flooring throughout, new windows, new appliances, granite countertops, updated fixtures, fresh interior and exterior paint, and a recently replaced roof. The primary suite features French doors leading to the paved backyard patio, while the home also offers good-sized walk-in closets and nice storage throughout. Outdoor living is a major part of the appeal, with a covered front deck, upstairs rear deck, landscaped yard, concrete patio space with power in place for a future hot tub setup, attached 2-car carport, and additional boat parking behind the fenced area. City water, city sewer, and electricity are connected. A polished Spanish Shores lake-area home with water-view appeal, community boat launch access, and a move-in-ready feel at Cedar Creek Lake.

Investor Tools

$438,890Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$391,287
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,279 /month
Positive
Cash Flow Estimate:
$760 /month

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Coldwell Banker American Dream

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$912
$229,527
2025
$15,000
$289,514
$304,514
No

Tax History

Year
Tax Paid
Assessed Value
2024
$912
$229,527

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crebrid Llc
Unknown
$220,400
No
First
Mar 20, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$438,890
N/A
0%
171%
$2,644/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.

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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: Mabank

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131 San Felipe Drive | Property Details | No Agent List