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$284,000

NAL Estimated Property Value

161 E Pr 362, Fairfield, TX, 75840

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,072 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.63 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Gas Water Heater, Refrigerator
FlooringLaminate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBoat Slip, Storage, Other

Building Information

Year Built1990

Land Information

APN33040-00174-00000-000000
Land UseResidential
Legal DescriptionHOUSE ONLY REDS LAKE
Assessed Improvement Value$258,571
Assessment Year2025

About this property

Lake Home on Red Lake Fishing and Hunting Club! Beautiful 3 bedroom, 2 bathroom lake home with one of the best views of Red Lake. The home features are a vaulted ceiling in living room, wood flooring, decorative lighting, granite counter tops in kitchen, wood burning stone fireplace, and a panoramic wall of glass that over looks the lake from the living room. Other features are a storage building with covered patio great for family cookouts and gatherings. Red Lake Fishing and Hunting Club is a Private Texas Corporation which owns 400 acres in total with 200 acres being the Lake and is owned by the stockholders with each stockholder owning one share. The lake is great for fishing, duck hunting and an occasional swim during those hot Texas summers.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$0Estimated Mortgage Balance
$284,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,009 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,722
$258,571
2025
N/A
$258,571
$258,571
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,722
$258,571

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$284,000
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: Fairfield

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161 E Pr 362 | Property Details | No Agent List