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$247,000

NAL Estimated Property Value

1637 E Lake Dr, Weatherford, TX, 76087

$321,100 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths899 Sq Ft
price_per_sqft$277.98 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile, Combination, Laminate

Building Information

Stories1

Land Information

APNR000015702
Lot Number388
SubdivisionLake Weatherford
Land UseResidential
Legal DescriptionLOT: 388 LEASEHOLD SUBD: LAKE WEATHERFORD
Census Tract140714
Assessed Improvement Value$89,780
Assessment Year2025

About this property

Experience the serenity of lakefront living at this stunning waterfront retreat nestled in a tranquil treed cove on Lake Weatherford. Updated with granite countertops, laminate floors, and fresh paint, this residence offers an inviting atmosphere. The neutral palette and open shelving in the kitchen create a versatile backdrop, allowing buyers to personalize their dream lake cottage effortlessly. Outside, a sprawling backyard awaits, majestic trees and ample room for outdoor gatherings. Enjoy the freedom to relax, entertain, and enjoy. A covered carport and additional storage space under the porch cater to your outdoor storage needs. Private dock. Screened back porch, tranquil lake nights While the current lake levels may be lower, it's important to note that they will rise again, restoring the full splendor of this waterfront oasis. Don't let this opportunity slip away. Embrace the chance to own this remarkable home, the allure of lakefront living and the comforts of a cozy cottage.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$225,333Estimated Mortgage Balance
$21,667Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$321,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$89,780
2025
N/A
$89,780
$89,780
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$89,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$235,653
Yes
First
Dec 27, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$225,333
$21,667
8%
91%
$1,413/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: Weatherford

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1637 E Lake Dr | Property Details | No Agent List