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A+
NoAgentList RatingHow are grades calculated?Info

$470,000

NAL Estimated Property Value

1612 Vz County Road 2801, Mabank, TX, 75147

$611,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,176 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$218.29 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave

Exterior

Lot Size1 acre

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN072.0227.0095.0000.0000
Land UseResidential
Legal DescriptionACRES: 1.000 ABST: 227 SUR: J EVANS LILLIAN HIPP LIFE ESTATE
Census Tract951002
Assessed Land Value$18,900
Assessed Improvement Value$205,010
Assessment Year2025

About this property

This nostalgic one owner farmhouse near Cedar Creek Lake in East Texas is back on the market through no fault of the sellers after a buyer financing issue. This is a rare opportunity to own nearly 12 acres of AG exempt land in Henderson County with a timeless farmhouse full of charm, character, and endless potential. The 3 bedroom, 2 bathroom home features a versatile bonus room that works perfectly as a home office, playroom, or fourth bedroom. The property is fully AG exempt, making it ideal for cattle, horses, hobby farming, or peaceful country living with room to spread out. A detached 28x30 garage and workshop offers exceptional space for storage, equipment, hobbies, or a small business operation. An additional 12x17 storage shed behind the home provides even more functionality for tools, lawn equipment, or feed storage. Sitting just minutes from Cedar Creek Lake, this property gives you the best of both worlds, quiet rural living with easy access to everyday conveniences including shopping, dining, schools, and medical facilities in the nearby area. The location is a commuter dream with only a one hour drive to the Dallas Metroplex, making this an ideal full time residence, weekend lake retreat, or investment property in one of East Texas most sought after areas.

Investor Tools

Property Icon
$470,000
Estimated Property Value
$0Estimated Mortgage Balance
$470,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$611,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$391
$223,910
2025
$18,900
$205,010
$223,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$391
$223,910

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$470,000
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: Mabank

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1612 Vz County Road 2801 | Property Details | No Agent List