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$1,651,000

13420 Shumate Way, Malakoff, TX, 75148

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,403 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$697.05 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesOther

Exterior

Lot Size4,792 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN3384-0000-0040-68
Lot Number4
SubdivisionLong Cove Subd (35)
Land UseResidential
Legal Description4 AB 481 G MARTINEZ SUR, LONG COVE SUBD PH 3A, BLK 1, LT 4 (RE:9A-1A & 9A-2A) G/217
Census Tract951102
Assessed Land Value$480,000
Assessed Improvement Value$783,737
Assessment Year2025

About this property

Gracefully positioned within the coveted community of Long Cove, this beautifully appointed residence offers a tranquil retreat designed for effortless lake living. Nestled beside a serene fishing pond and surrounded by mature landscaping, the setting provides a rare sense of privacy and calm while remaining just a short trail away from an open-water boat dock—offering easy access to the lake without sacrificing the peaceful charm of its tucked-away location. Inside, thoughtfully curated designer finishes complement a spacious, light-filled layout ideal for both relaxed weekends and lively gatherings. The open-concept kitchen and great room create a natural gathering place, while upstairs living spaces—including a generous loft and expansive bunk room accommodating up to ten guests—provide the perfect setting for hosting family and friends. Outdoor living takes center stage on the oversized wraparound porch, where a built-in grill, dining area, and comfortable lounge seating invite long, leisurely evenings overlooking the pond. It’s an idyllic backdrop for morning coffee, sunset dinners, and memorable weekends at the lake. Offered fully furnished and complete with a golf cart, the home is entirely turnkey—allowing you to arrive and immediately embrace the Long Cove lifestyle. Ideally located near the community’s core amenities, residents enjoy convenient access to miles of scenic trails, golf, pickleball and tennis courts, resort-style pools, and waterfront gathering spaces. Peaceful, refined, and perfectly positioned, this home offers the best of lakeside living—where the water is moments away and every detail is designed for relaxation and connection.

Investor Tools

Property Icon
$1,651,000
Estimated Property Value
$772,000Estimated Mortgage Balance
$972,715Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,050 /month
Positive
Cash Flow Estimate:
$3,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,099/month
$575/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,934
$1,263,737
2025
$480,000
$783,737
$1,263,737
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,934
$1,263,737

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Building Or Construction Loan
$772,000
No
First
Mar 22, 2021
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$678,285
$972,715
58%
41%
$3,099/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: Malakoff

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13420 Shumate Way | Property Details | No Agent List