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$371,456

NAL Estimated Property Value

162 1st Oak Drive, Enchanted Oaks, TX, 75156

$482,893 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,220 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.88 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Vented Exhaust Fan, Washer

Building Information

Year Built1983
Roof Type105
Garage Spaces2

Land Information

APN2715-0000-0240-32
Lot Number24,25
SubdivisionEnchanted Oaks North (80)
Land UseResidential
Legal DescriptionLTS 24 & 25 AB 487 J MENDOZA SUR, ENCHANTED OAKS NORTH, LTS 24 & 25, ****LIFE ESTATE FOR LINDA L STEIN***** C/343
Census Tract950904
Assessed Land Value$16,000
Assessed Improvement Value$394,047
Assessment Year2025

About this property

Tucked beneath a canopy of mature trees in the heart of Enchanted Oaks, this 3-bedroom, 2,220-square-foot home offers the perfect blend of lake-life living, privacy, & small-town charm, just steps from Cedar Creek Lake. Situated on 2 wooded corner lots, directly across from the lake, the home enjoys a peaceful setting with scenic views & excellent outdoor space. A covered front porch provides relaxing lake glimpses, ideal for morning coffee or evening unwinding. Inside, the main living area features cathedral vaulted ceilings, wood floors, & a brick wood-burning fireplace, creating a warm & inviting great room filled with natural light. The bright white kitchen offers plentiful cabinetry, generous counter space, & stainless steel appliances, making it well-suited for entertaining or everyday living. A flex room currently staged as a third bedroom, offers versatility for buyers seeking a home office, guest room, game room, or additional sleeping space. Floor-to-ceiling windows in the multi-use area flood the space with natural light & enhance the open, airy feel. Additional highlights include a two-car garage, circle drive, ample parking, separate storage building & RV parking with electrical hookup, ideal for lake guests, recreational vehicles, or extra storage. Residents of Enchanted Oaks enjoy access to a community pool, children’s park, sports fields, walking & jogging trails, & 2 nearby boat launches, making lake access easy & spontaneous. Whether you’re searching for a primary residence, weekend lake house, or short-term rental, VRBO-ready investment, this home delivers exceptional flexibility. Furnishings may convey, allowing for a seamless move-in or turnkey opportunity. Recently price-adjusted, this property presents outstanding value in one of Cedar Creek Lake’s most charming communities, where comfort, convenience, & lake living come together.

Investor Tools

Property Icon
$371,456
Estimated Property Value
$0Estimated Mortgage Balance
$371,456Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$482,893
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,229 /month
Positive
Cash Flow Estimate:
$743 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$276/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,456
$371,456
2025
$16,000
$394,047
$410,047
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,456
$371,456

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$371,456
100%
0%
$0/mo

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: Enchanted Oaks

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162 1st Oak Drive | Property Details | No Agent List