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$120,000

144 Tanglewood Drive, Mabank, TX, 75156

$156,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$85.71 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop, Electric Range, Microwave
FlooringCarpet, Vinyl

Land Information

APN4295-0000-0700-50
Lot Number70
SubdivisionTanglewood Shores (112)
Land UseResidential
Legal DescriptionLT 70 AB 488 T S MITCHELL SUR, TANGLEWOOD SHORES LT 70, C/151
Census Tract950601
Assessed Land Value$15,000
Assessed Improvement Value$87,192
Assessment Year2025

About this property

LAKE VIEW PROPERTY! INVESTOR DREAM! Affordable lake-area opportunity near Cedar Creek Lake. This 3-bedroom, 2-bath home sits on a desirable double lot and offers a functional layout with a spacious primary suite featuring a garden tub, separate shower, walk-in closet, and abundant natural light. The living area includes sunset-facing windows, and the home has updated flooring in recent years. Exterior features include a large covered porch with ramp access, detached 20x30 workshop with 220-amp power, covered carport, and expansive driveway parking. Neighborhood amenities include multiple community docks and a boat ramp, with lake access just a short golf cart ride away. Enjoy lake views from the porch and a setting well suited for full-time living, weekend use, or rental potential. The home does require cosmetic updates, including bedroom flooring and minor repairs, and is priced accordingly. Located near the Cedar Creek community and minutes from waterfront dining, recreation, and planned development in the area such as Hilton Resort Pier 334. A rare opportunity to own near the lake at an affordable price point.

Investor Tools

Property Icon
$109,000
Estimated Property Value
$0Estimated Mortgage Balance
$109,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$156,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$82/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$434
$102,192
2025
$15,000
$87,192
$102,192
No

Tax History

Year
Tax Paid
Assessed Value
2024
$434
$102,192

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$109,000
100%
0%
$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: Mabank

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144 Tanglewood Drive | Property Details | No Agent List