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$399,000

196 Lake Drive, Enchanted Oaks, TX, 75156

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,070 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.75 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCeramic Tile

Building Information

Year Built1973
Roof Type105
Garage Spaces1

Land Information

APN2710-0002-2120-32
Lot Number212
SubdivisionEnchanted Oaks (588)
Land UseResidential
Legal DescriptionLT 212 AB 487 J MENDOZA SUR, ENCHANTED OAKS, BLK B LT 212, C/44
Census Tract950904
Assessed Land Value$168,750
Assessed Improvement Value$189,842
Assessment Year2025

About this property

Relax in this newly update LAKE HOUSE in Enchanted Oaks. Natural wood look tile through out. The master bedroom has a vaulted wood ceilings with an amazing master bath and huge custom closet. Open concept living and dining opens up to a nice pergola and huge deck on the water.

Investor Tools

Property Icon
$408,000
Estimated Property Value
$0Estimated Mortgage Balance
$98,293Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,706
$358,592
2025
$168,750
$189,842
$358,592
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,706
$358,592

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wyndham Capital Mortgage Inc
Conventional
$339,150
No
First
Oct 13, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,707
$98,293
24%
76%
$2,034/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Enchanted Oaks

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196 Lake Drive | Property Details | No Agent List