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Owner Contacts

$613,000

NAL Estimated Property Value

203 Lakewood Dr, Gatesville, TX, 76528

Off Market

5 Beds

2 Bath

3,208 Sq Ft

$163.65 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating

Cooling

AppliancesElectric Water Heater, Microwave

FlooringLaminate, Tile

Exterior

Private Pool

Exterior FeaturesStorage

Lot Size29,621 sqft

Building Information

Year Built1983

Garage Spaces2

Land Information

APN0-88-81-0000

Lot Number10-11

SubdivisionLakewood Greens Part 1

Land UseResidential

Legal DescriptionLAKEWOOD GREENS PART 1, BLOCK 1, LOT 10 & 11 PT, ACRES .68

Census Tract010400

Assessed Land Value$33,460

Assessed Improvement Value$519,970

Assessment Year2025

About this property

WOW!! Must see home! Once was a vibrant country club house, updated into a residential 5 bedroom-2 bath home on Gatesville Country Club Golf Course. Updates are laminate wood flooring throughout, new paint (2019), metal roof ((2015), Storage room & suite installed (2018), titled master shower & jacuzzi tub (2016), Kitchen is waiting for new cabinet doors. Luxury kitchen with double ovens, center island cooktop, window over sink, and pantry. Enjoy morning coffee in the sunroom off the kitchen. Spacious den w/rock wood burning fireplace w/French doors. Master bath has jacuzzi garden tub w/tiled shower. Master bedroom has huge walk-in closet w/french doors leading to the dream yard. Enter the tropical paradise surrounded by palm trees to a huge Junior Olympic size Pool with diving board and slide. Bring out the kid in you in this amazing back yard also includes, basketball court, inground trampoline, work out facility, plus a suite for guest that has shower/potty. This is one amazing house! See you soon!

Investor Tools

$613,000

Estimated Property Value

$439,776Estimated Mortgage Balance

$173,224Estimated Equity

28% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,678 /month

Positive

Cash Flow Estimate:

$1,226 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,072/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,801

$553,430

2025

$33,460

$519,970

$553,430

Tax History

Year

Tax Paid

Assessed Value

2024

$9,801

$553,430

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$477,992

First

Feb 16, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$439,776

$173,224

28%

72%

$2,866/mo

Learn About the Market: Opportunity in Texas

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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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