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$1,550,000

13450 Shumate Way, Malakoff, TX, 75148

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,409 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$643.42 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Ice Maker, Microwave, Other, Wine Cooler
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Outdoor Grill
Lot Size4,792 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN3384-0000-0070-68
Lot Number7
SubdivisionLong Cove Subd (35)
Land UseResidential
Legal Description7 AB 481 G MARTINEZ SUR, LONG COVE SUBD PH 3A, BLK 1, LT 7 (RE:9A-1A & 9A-2A) G/217
Census Tract951102
Assessed Land Value$480,000
Assessed Improvement Value$740,950
Assessment Year2025

About this property

Nestled along Shumate Pond and just steps from the Play Field, this charming Low Country–style Porch Home captures the essence of lakefront living. Thoughtfully designed by John Boyd & Associates and built by Robert Elliott Custom Homes, the open-concept layout flows seamlessly from the kitchen to the dining and living areas, creating a warm and welcoming space for gatherings. Enjoy tranquil pond views from the screened-in porch or host friends around the outdoor fireplace and built-in grill. With a downstairs primary suite, inviting guest rooms, and a two-car garage, this fully furnished home is move-in ready including a golf cart for exploring all that Long Cove has to offer.

Investor Tools

Property Icon
$1,534,000
Estimated Property Value
$750,000Estimated Mortgage Balance
$866,323Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,300 /month
Positive
Cash Flow Estimate:
$3,100 /month

Interested in this property?

Thomas Mcnamara

Long Cove Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,453/month
$575/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$33,767
$1,220,950
2025
$480,000
$740,950
$1,220,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$33,767
$1,220,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Benchmark Bank
Conventional
$750,000
No
First
Oct 5, 2020
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$669,028
$880,972
56%
44%
$3,581/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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13450 Shumate Way | Property Details | No Agent List