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$314,999

166 County Road 1559, Alba, TX, 75410

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.92 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCombination, Linoleum

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size14,135 sqft

Building Information

Year Built1998
Garage Spaces1

Land Information

APN51216
Lot Number28
Land UseResidential
Legal DescriptionLOT 28 BLK 3 MARINA EST A-12 B ANDERSON
Census Tract950402
Assessed Land Value$28,840
Assessed Improvement Value$228,910
Assessment Year2025

About this property

Enjoy the best of Lake Fork living in this well-maintained 2-bedroom, 2-bath waterfront home located in the desirable Marina Estates community. Situated on approximately 0.32 acres, this property offers a comfortable open-concept layout with abundant natural light and beautiful views of the neighborhood pond and Lake Fork. The spacious kitchen features ample cabinetry and generous counter space, flowing seamlessly into the living and dining areas for easy everyday living and entertaining. A large, covered sunroom spans the back of the home, providing the perfect place to relax year-round while taking in the peaceful waterfront scenery. Step outside to the adjoining deck, ideal for morning coffee or evening sunsets. With its generous size, the sunroom also offers the potential to convert a portion into a third bedroom or additional sleeping space, creating even more flexibility for future owners. Built with low-maintenance siding and a durable metal roof, this home is designed for lasting value. A detached one-car garage provides secure parking along with additional space for fishing equipment, lake toys, or a workshop. Marina Estates residents enjoy access to a private neighborhood boat ramp, making it easy to spend your days fishing, boating, and exploring world-famous Lake Fork. Conveniently located near Alba, Quitman, Emory, Mineola, local marinas, restaurants, and shopping, this property is ideal as a full-time lakefront residence, weekend retreat, vacation home, or income-producing investment. Currently operating as a successful vacation rental, it offers an excellent opportunity for short-term rental income while also serving as a wonderful place to call home year-round.

Investor Tools

Property Icon
$304,000
Estimated Property Value
$150,000Estimated Mortgage Balance
$155,749Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Kasey Coker

Lake Homes Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,243
$257,750
2025
$28,840
$228,910
$257,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,243
$257,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$150,000
No
First
Dec 5, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,251
$155,749
51%
49%
$900/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: Alba

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166 County Road 1559 | Property Details | No Agent List