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$536,000

1520 S Lakeview Drive, Gordon, TX, 76453

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,635 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.53 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesWater Purifier, Dishwasher, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size32,888 sqft

Building Information

Year Built1984
Garage Spaces2

Land Information

APN205080000
Lot Number13
SubdivisionSandstone Shores Pp Lake
Land UseResidential
Legal DescriptionSANDSTONE SHORES PP LAKE LOT 13 G#S0055-00-00000-013-00-0
Census Tract000300
Assessed Land Value$217,640
Assessed Improvement Value$226,300
Assessment Year2025

About this property

Charming lakefront cottage on Palo Pinto Lake ,nice tree shaded level lot on one of the best parts of the lake. Home is well constructed on a piered slab, framing is on 16 inch centers, well insulated, wood burning fireplace with blower. Large covered porch will give added shade while viewing the lake. Boat slip with manual lift system. Greenhouse and area to have raised gardens. Great parking for -all your friends -you will have when you own a lakehouse! Tree shaded lot gives privacy to the home.

Investor Tools

Property Icon
$536,000
Estimated Property Value
$0Estimated Mortgage Balance
$294,665Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,216 /month
Positive
Cash Flow Estimate:
$1,072 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$854/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,566
$443,940
2025
$217,640
$226,300
$443,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,566
$443,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David L Patenaude Etux
Seller Carryback / Seller Financing / Seller Take-Back
$270,000
No
First
Nov 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,335
$294,665
54%
45%
$1,619/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: Gordon

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