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$215,000

$230,000

1332 Grainger Rd, Lone Star, TX, 75668

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,050 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.76 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater

Building Information

Year Built1960

Land Information

APN16529
Lot Number1-3
Land UseResidential
Legal DescriptionPLEASURE POINT SEC 1 BLK 2 LOTS 1-3
Census Tract950300
Assessed Land Value$54,000
Assessed Improvement Value$63,200
Assessment Year2025

About this property

Beautiful Lakefront Home on Lake' O the Pines This property is located on Grainger road in Lone Star Texas. Roof is 2 years old, seller will leave appliances, all Samsung appliances. Gas stove is propane. New HVAC was installed in 2023 with a 12 year warranty. Newly installed 26 inch insulation in the attic; spray foam was added to the underneath of the house. Back wall was removed and extended the Master Bedroom. Carport is 18 X 20 and a 14 X 14 barn with lean-to on the side. Flooring and carport was installed in 2020. LVT in Living room, master bedroom is 12 X 20 overlooking the lake. Remodeled Kitchen and living room with cedar added. New lights, and fixtures, new sinks, toilets and new tub shower. 2 Bedrooms, 2 bathrooms Charming Lakefront Cottage Nestled along the serene shores of Lake 'O the Pines in Lone Star, Texas, this delightful lakefront home offers a perfect blend of tranquility and comfort. The picturesque setting invites you to enjoy stunning water views and peaceful mornings by the lake, making it an ideal retreat for relaxation or weekend getaways. Cozy Living Spaces The cottage features two comfortable bedrooms and two full bathrooms, thoughtfully designed to provide a cozy and welcoming atmosphere. Whether you are hosting guests or enjoying quiet family time, the layout ensures ample space and privacy for everyone. The home's warm interiors complement the beautiful natural surroundings, creating a true lakeside sanctuary. Functional Barn and Carport Adding to the property's appeal is a spacious barn and a convenient carport, perfect for storing boats, vehicles, or outdoor equipment. These features enhance the functionality of the home, offering practical solutions for lakeside living and outdoor hobbies. Perfect Location Situated on a third of an acre, this property provides just the right amount of land to enjoy outdoor activities while maintaining easy upkeep. The location in Lone Star offers a peaceful lifestyle with the benefits of a close-knit community and access to the natural beauty of East Texas. A Unique Lakeside Opportunity This beautiful cottage on Lake 'O the Pines is more than just a home; it’s a lifestyle filled with the charm of lakefront living and the convenience of thoughtful amenities. Whether you’re seeking a permanent residence or a weekend escape, this property invites you to create lasting memories in a truly special setting.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$63,500Estimated Mortgage Balance
$179,356Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

Interested in this property?

Leanna Walker

United Country Walker Realty & Auction

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$124/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$345
$117,200
2025
$54,000
$63,200
$117,200
No

Tax History

Year
Tax Paid
Assessed Value
2025
$345
$117,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Unknown
$63,500
No
First
Sep 24, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,924
$135,076
73%
21%
$0/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: Lone Star

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1332 Grainger Rd | Property Details | No Agent List