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$746,425

NAL Estimated Property Value

201 Island Dr, Murchison, TX, 75778

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,291 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$303.36 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCeramic Tile, Hardwood, Wood

Exterior

Exterior FeaturesBalcony, Boat Slip, Rain Gutters, Lighting, Storage
Lot Size15,682 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN066.2110.0000.0001.0000
Lot Number1
Land UseResidential
Legal DescriptionACRES: 0.360 BLK: LOT: 1 ADDN: CALLENDER LAKE VIII
Census Tract950901
Assessed Land Value$140,820
Assessed Improvement Value$605,605
Assessment Year2025

About this property

Stunning waterfront custom home with amazing open water views located on the “island” at Callender Lake. Open floor plan features vaulted ceilings in the family room & master bedroom with a wall of windows and an abundance of natural light. Views of the lake from the kitchen, dining, family room & master bedroom. Master suite has room for a sitting area or office space as well as a spacious bath with separate tub & shower plus walk-in closet. Oversized covered porch spans the back of the home that offers a 180-degree panoramic water view. Austin stone and brick home is full of upgrades including Pella windows (with built in window blinds and screens); hardwood & tile floors; composite decking on the porches and boat house; granite countertops, a large center island and walk-in pantry; custom knotty alder cabinetry & crown molding throughout the house; 9 ft ceilings and wood burning fireplace. Generous sized laundry room with storage off garage plus landscaped with sprinkler system.

Investor Tools

Property Icon
$746,425
Estimated Property Value
$319,754Estimated Mortgage Balance
$426,671Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,479 /month
Positive
Cash Flow Estimate:
$1,493 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,117/month
$345/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,670
$746,425
2025
$140,820
$605,605
$746,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,670
$746,425

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$345,000
No
First
Jun 6, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$319,754
$426,671
57%
43%
$2,069/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.

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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: Murchison

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201 Island Dr | Property Details | No Agent List