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$185,000

194 Debra Drive, Bullard, TX, 75757

$191,468 ARVInfo
PendingInfo
Beds2 Beds
Baths2 Bath
Baths1,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.41 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,930 sqft

Building Information

Year Built1988
Stories1

Land Information

APN531071000
Lot Number119
Land UseResidential
Legal DescriptionLOT 119 BLK 1 LAKE PALESTINE SHADYBROOK 85 X 105 - BISD
Census Tract950202
Assessed Land Value$25,170
Assessed Improvement Value$146,920
Assessment Year2025

About this property

Situated on a quiet, dead-end road in a peaceful, lake-friendly community at Lake Palestine, this beautifully remodeled 2-bedroom, 2-bath home features thoughtful upgrades throughout - including new windows, a tankless water heater, and an updated heat pump - providing efficiency and peace of mind for years to come. With approximately 1,092 square feet and a unique 1.5-story layout, this home stands out with its character and design. The open-concept living space is bright and inviting, highlighted by a tray ceiling and easy flow into the kitchen and dinette. The kitchen features stainless steel appliances and modern fixtures that highlight the elevated updates throughout. The primary bedroom offers plenty of space to unwind with a private ensuite with dual sinks, a dual shower head, and ample storage. Upstairs you'll find the secluded second bedroom with plenty of space and piney views. Step outside and enjoy both a welcoming front deck and a back patio - perfect for enjoying lakeside living. A storage building adds extra functionality, while the surrounding community enhances the lifestyle with access to a pool, park, clubhouse, and boat ramp just minutes away. Conveniently located between Hwy 155 and Hwy 69, you’ll enjoy quick access to Tyler while still soaking in the laid-back lake atmosphere. Zoned to Bullard school district, this move-in-ready home is an excellent option for a full-time residence, weekend escape or investment opportunity. Schedule your showing today!

Investor Tools

$131,843Estimated Mortgage Balance
$51,157Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$191,467
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$147/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$843
$172,090
2025
$25,170
$146,920
$172,090
No

Tax History

Year
Tax Paid
Assessed Value
2025
$843
$172,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$140,000
No
First
Apr 19, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,843
$51,157
27%
72%
$840/mo

City: Bullard

194 Debra Drive | Property Details | No Agent List