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$599,000

$629,000

197 SHREVEPORT Street, Avinger, TX, 75630

On MarketInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths3,120 Sq Ft
price_per_sqft$191.99 / sqft
Year BuiltBuilt in 1986

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Electric Cooktop, Electric Oven

Exterior

Exterior FeaturesRain Gutters, RV Hookup, Storage

Building Information

Year Built1986
Garage Spaces2

Land Information

APN12889
Lot Number22-25
Land UseResidential
Legal DescriptionLAKE SHORE ESTATES SEC A LOTS 22-25
Census Tract950200
Assessed Land Value$40,000
Assessed Improvement Value$86,270
Assessment Year2025

About this property

WATERFRONT! Properties like this rarely come available on Lake O’ The Pines. Tucked away in the highly sought-after Johnson Creek area, this exceptional waterfront retreat offers the perfect blend of privacy, versatility, and income potential with TWO separate residences on one beautifully improved property. Whether you're searching for a multi-generational family compound, a weekend lake retreat, a retirement setup with space for loved ones, or an investment opportunity for short-term rentals, this property checks every box. The primary residence has been extensively updated over the last two years with a new metal roof, new siding with moisture barrier, dual-pane windows, premium flooring throughout, remodeled bathrooms, updated HVAC components, seamless gutters with leaf guards, fresh exterior paint, and numerous additional improvements. The detached cottage, offers approximately 986 square feet of independent living space complete with its own driveway, aerobic septic system, water, power, automatic sprinkler system, and extensive site preparation. Over $30,000 was invested in professional excavation, retaining walls, and drainage improvements, creating a separate and functional living environment ideal for guests, extended family, or rental income. Outdoor amenities are equally impressive. Enjoy direct waterfront access with an 88-foot boat dock, a large RV, multiple outbuildings, a spacious shop featuring an EF5-rated tornado shelter, remote electric gated entry, and a private well in addition to city water service. Surrounded beautifully maintained grounds, this one-of-a-kind waterfront estate provides the rare opportunity to own a true family compound on one of East Texas' most desirable lakes. Properties offering two homes, waterfront access, extensive improvements, and income-producing potential are nearly impossible to find. Schedule your private showing today and experience everything this remarkable Lake O' The Pines property has to offer.

Investor Tools

$0Estimated Mortgage Balance
$183,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Jesse Moore

Mayben Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,404
$126,270
2025
$40,000
$86,270
$126,270
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,404
$126,270

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,000
100%
0%
$0/mo

City: Avinger

197 SHREVEPORT Street | Property Details | No Agent List