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$239,000

1933 Island Circle #B209, Tool, TX, 75143

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,365 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$175.09 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Exterior

Private PoolPrivate Pool

Building Information

Year Built1985

Land Information

APN2635-0002-2090-63
Lot Number209
SubdivisionAnchorage (116)
Land UseResidential
Legal DescriptionAB 488 T S MITCHELL SUR, ANCHORAGE CONDO, LT 209 BLDG B
Census Tract950802
Assessed Land Value$640
Assessed Improvement Value$231,075
Assessment Year2025

About this property

Beautiful Furnished Lake Condo that is 2 stories and has a 3rd floor balcony with an open water view. These Condos have a Marina, a seasonal Restaurant called the Tiki Hut that you can come to by boat thats fun to hang out at, boat slip rentals, boat storage rentals, watercraft rentals, a boat launch, gas for your boat and a Community Pool to relax in. Seller says this is her Happy Place and knows the new owner will love it too. All you need are your clothes and toothbrush and your set for the weekend or full time. Tool is growing and would love to have you here. Tool has a new steakhouse that everyone loves so no worries if you want to eat out plus Figs Backyard Restaurant. This condo comes furnished with all appliances, living room, kitchen and bedroom furniture. If you hurry you wont miss out on this place to call home. HOA fees cover trash, water, maintenance of the pool and common areas and Insurance on the structure of the building.

Investor Tools

$104,158Estimated Mortgage Balance
$127,557Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

Interested in this property?

Nona Roberts

Keller Williams Rockwall

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
$403/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,078
$231,715
2025
$640
$231,075
$231,715
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,078
$231,715

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$117,000
No
First
Sep 14, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,158
$127,557
55%
45%
$702/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: Tool

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1933 Island Circle #B209 | Property Details | No Agent List