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$3,500,000

15675 County Road 4024, Kemp, TX, 75143

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,690 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,301.12 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size3.41 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN99.0197.0000.1035.00.04.00
SubdivisionEzekial Higdon
Land UseResidential
Legal DescriptionEZEKIAL HIGDON, TRACT 1035.00; 3.41 ACRES, & HOUSE & HOUSE
Census Tract051301
Assessed Land Value$45,458
Assessed Improvement Value$141,315
Assessment Year2025

About this property

Cedar Creek Ranch presents an opportunity to purchase one of the last remaining undeveloped lakefront tracts in this area. Sitting on sixty-five rolling acres of lake front property on the north shore of Cedar Creek Reservoir lies Cedar Creek Ranch. With multiple residences, a party barn, scenic pasture acreage, and roughly 665 feet of lake frontage, this ranch is ideal for an estate style residence, weekend retreat, or future residential development. The main house measures approximately 2,690 square feet and was built in 1991 with stunning hilltop views of the lake. Sitting behind the house is a 3,600 square foot party barn built in 2015 complete with a one bedroom attached apartment. Near the gated entrance on the northern boundary of the property is a roughly 1,000 square foot guest house, next to an older hay barn with cattle pens. The majority of the property has perimeter fencing with cross fencing in place.

Investor Tools

Property Icon
$432,000
Estimated Property Value
$47,966Estimated Mortgage Balance
$396,337Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Briggs Freeman Sotheby's Int'l

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,850
$186,773
2025
$45,458
$141,315
$186,773
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,850
$186,773

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Don Nation Etux
Unknown
$47,966
No
First
Oct 6, 2014
Mar 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,773
$351,227
90%
8%
$288/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: Kemp

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15675 County Road 4024 | Property Details | No Agent List