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$772,000

NAL Estimated Property Value

15838 Mcelroy Rd, Whitehouse, TX, 75791

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,055 Sq Ft
price_per_sqft$388.32 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Range

Exterior

Lot Size32,191 sqft

Building Information

Year Built1981
Roof Type105
Garage Spaces2

Land Information

APN1-25020-0000-00-025000
Lot Number25
SubdivisionMcelroy Lake Tyler
Land UseResidential
Legal DescriptionMCELROY LAKE TYLER LEASE HOLD INTEREST LOT 25
Census Tract002102
Assessed Land Value$160,195
Assessed Improvement Value$348,432
Assessment Year2025

About this property

Stunning Lakefront Property on Lake Tyler! Nestled on a spacious lot with 150 feet of prime lake frontage, this charming 3-2-2 home offers serene deep-water views and a perfect blend of comfort and convenience. Boasting 2,055 square feet of living space, the home features a bright, open floor plan with two cozy living areas, perfect for family gatherings or entertaining guests. The beautifully designed kitchen is equipped with sleek granite countertops, providing both style and functionality. Enjoy breathtaking sunset views from the bright window-filled sunroom, or unwind in the peaceful backyard with plenty of space for outdoor activities. For guests, a 625SF guest house ensures privacy and comfort, while the RV carport offers added convenience for storing your recreational vehicles. The spacious boathouse completes this lakeside retreat, making it the ideal spot for enjoying boating, fishing, and waterfront fun. Located close to town and within popular Whitehouse ISD, this property offers the best of both worlds – peaceful lakeside living with easy access to local amenities. Whether you're looking for a permanent residence or a weekend getaway, this home is the perfect place to relax and create lasting memories. Don’t miss the opportunity to own a slice of paradise on Lake Tyler!

Investor Tools

Property Icon
$772,000
Estimated Property Value
$360,806Estimated Mortgage Balance
$411,194Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,788 /month
Positive
Cash Flow Estimate:
$1,596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$898/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,915
$508,627
2025
$160,195
$348,432
$508,627
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,915
$508,627

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$368,400
No
First
Mar 27, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,806
$411,194
53%
47%
$2,209/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,270/mo
$2,209/mo
$-939/mo
2.0%

Learn About the Market: Opportunity in Texas

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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: Whitehouse

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15838 Mcelroy Rd | Property Details | No Agent List