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$486,800

1741 Pine Island, Karnack, TX, 75661

Off MarketInfo
Beds3 Beds
Baths1,520 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.3 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Garage AvailableGarage Available
AppliancesMicrowave, Electric Oven, Refrigerator, Dishwasher, Electric Water Heater

Exterior

Exterior FeaturesBoat Slip
Lot Size11,151 sqft

Building Information

Year Built1987
Stories1
Garage Spaces4

Land Information

APN02060.00400.00015.000000
Lot Number31,30
SubdivisionOdom & Powell
Land UseResidential
Legal DescriptionACRES: 0.256 LOT: 31 PT 30 SUBD: ODOM & POWELL ABST: 876 W F ENGLISH DPLX
Census Tract020105
Assessed Land Value$57,740
Assessed Improvement Value$429,060
Assessment Year2025

About this property

Waterfront lot on the most beautiful natural lake in Texas — Caddo Lake (Big Cypress Bayou)! Looking for a retreat or a relaxing getaway with unmatched scenery? Here it is! House is priced below market value for a quick sale — you read that right! Don’t wait — this is your chance to own a waterfront home or investment property. Two separate duplex units: upstairs features 1 bedroom with plenty of room to add an additional bedroom, living room, kitchen, and bath; downstairs offers 1 bedroom, living area, kitchen, and bath. Property is fully fenced with a storage building that could be converted into a tiny home — or add another one! BONUS: Includes a boat house and some of the best spots to fish or simply relax and take in the view. Opportunities like this don’t last long — start your next chapter at Caddo Lake!

Investor Tools

Property Icon
$486,800
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,921 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,780
$486,800
2025
$57,740
$429,060
$486,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,780
$486,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Fha
$289,987
Yes
First
Jun 19, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,628
N/A
0%
117%
$3,478/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: Karnack

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1741 Pine Island | Property Details | No Agent List