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$640,000

1601 Forum Circle 156, Graford, TX, 76449

$832,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,215 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.07 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Dryer, Refrigerator, Washer

Exterior

Exterior FeaturesAwning(s), Outdoor Grill
Lot Size6,578 sqft

Building Information

Year Built1965

Land Information

APN113950000
Lot Number156
SubdivisionConstantin Pk Lake
Land UseResidential
Legal DescriptionCONSTANTIN PK LAKE LOT 156 G#C0550-00-00000-156-01-0
Census Tract000100
Assessed Land Value$263,120
Assessed Improvement Value$521,610
Assessment Year2025

About this property

Charming waterfront cabin perfectly positioned on a quiet cove of Possum Kingdom Lake. Enjoy lake life to the fullest with a spacious screened in porch, waterside patio, and cozy fire pit overlooking breathtaking sunsets. The property features a 55x20 foot climate controlled shop with two bedrooms and a full bathroom, offering comfortable guest accommodations or space to store all your lake toys. The main cabin provides a warm and inviting living space with classic PK character, while the covered Cantina creates the ultimate outdoor entertaining area for family and friends. This well maintained retreat includes a fenced yard and private dock with low maintenance Trex decking, all set in a quiet neighborhood on the popular peninsula. A rare find combining charm, comfort, and functionality right on the water.

Investor Tools

$345,934Estimated Mortgage Balance
$438,796Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$832,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,708 /month
Positive
Cash Flow Estimate:
$1,569 /month

Interested in this property?

Merit Holstein

Possum Kingdom Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,486
$784,730
2025
$263,120
$521,610
$784,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,486
$784,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Commercial
$386,250
No
First
Dec 30, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,934
$438,796
55%
44%
$2,316/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: Graford

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1601 Forum Circle 156 | Property Details | No Agent List