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$390,000

NAL Estimated Property Value

1315 E Lake Drive, Weatherford, TX, 76087

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,400 Sq Ft
price_per_sqft$267.86 / sqft

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesElectric Range
FlooringCeramic Tile, Laminate

Building Information

Garage Spaces672

Land Information

APNR000015576
Lot Number317
SubdivisionLake Weatherford
Land UseResidential
Legal DescriptionLOT: 317 LEASEHOLD SUBD: LAKE WEATHERFORD
Census Tract140714
Assessed Improvement Value$140,920
Assessment Year2025

About this property

YOUR OWN LAKE FRONT PARADISE!!! This sprawling cottage oozes with charm! Open concept floor-plan with a huge kitchen boasting a huge kitchen island with pull out table and seating, dining area, large living room with walls of windows to take in your lakefront views! 2 bedrooms and 1 bathroom. Step out onto your beautiful deck with lots of room for al fresco dining, walk through the lush grass to your own private beach and to your covered boat dock with lifts for boat and jetski! The large storage building houses the laundry room and still has ample room for your lawnmower, tools, etc. This property is waiting for the new family that will make magical memories on beautiful Lake Weatherford!

Investor Tools

Property Icon
$390,000
Estimated Property Value
$142,037Estimated Mortgage Balance
$247,963Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,340 /month
Positive
Cash Flow Estimate:
$780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$140,920
2025
N/A
$140,920
$140,920
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$140,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Purchase Money Mortgage
$159,227
No
First
Oct 19, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,037
$247,963
63%
36%
$955/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: Weatherford

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1315 E Lake Drive | Property Details | No Agent List