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$460,000

207 Wales Dr, Pottsboro, TX, 75076

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$368 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesWater Purifier, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Water Softener
FlooringVinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Private Entrance, Private Yard
Lot Size28,606 sqft

Building Information

Year Built1984
Stories2
Garage Spaces2

Land Information

APN029B6505160
Lot Number15-17,2
SubdivisionCambridge Shores Unit 1
Land UseResidential
Legal DescriptionCAMBRIDGE SHORES UNIT 1, BLOCK 9, LOT 15 16 17 22 24 & 25
Census Tract000305
Assessed Land Value$119,859
Assessed Improvement Value$208,815
Assessment Year2025

About this property

LAKE TEXOMA WATERFRONT COMMUNITY! MODERN LAKE BUNGALOW WITH 1.2 ACRES! GREAT INVESTMENT OPPORTUNITY! BEST VALUE ON THE MARKET! Nestled in the waterfront Cambridge Shores community that overlooks the renowned Islands of Lake Texoma. This property offers not just a home, but a lifestyle immersed in the beauty and excitement of lake living. Situated on a generous 1.27-acre lot, this modern design seamlessly blends contemporary aesthetics with natural surroundings. This lake house isn't just a beautiful retreat; it's an ideal investment opportunity. With the potential to add additional units, you can tap into lucrative short-term rental income. Plenty of room to expand the square footage and add exterior amenities. Imagine a pool! Originally built in 1984, the home has undergone a meticulous transformation, stripped down to the foundation and thoughtfully rebuilt in 2023. As you step inside, you'll be greeted by beautiful finishes that enhance the open-concept layout, allowing for an effortless flow between living spaces. The roofline windows invite an abundance of natural light. Step outside onto the double wrap-around covered decks—perfect for entertaining guests and relaxing. The solid construction features durable fiberboard siding topped with a sturdy metal roof, ensuring your investment stands the test of time. Spray foam insulated walls and attic create an energy-efficient environment. The property includes a detached garage with electricity, workbench and a second concrete driveway, providing ample parking and storage. A fenced yard provides security and privacy, while the firepit area is an ideal spot to gather. Mature, plentiful trees create a serene oasis where you can unwind amid the natural surroundings. Residents of Cambridge Shores enjoy community amenities, including a boat ramp and pier. Conveniently located near Highport Marina and Tanglewood Resort and Golf Course. BOAT SLIP AVAILABLE! Embrace the allure of lake life!

Investor Tools

$416,312Estimated Mortgage Balance
$39,449Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

Interested in this property?

Victoria Woodard

HBL, Realtors

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,577
$328,674
2025
$119,859
$208,815
$328,674
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,577
$328,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Strong Home Mortgage Llc
Conventional
$450,000
No
First
Jul 6, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$416,312
$53,688
11%
91%
$2,698/mo

City: Pottsboro

207 Wales Dr | Property Details | No Agent List