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$191,000

NAL Estimated Property Value

211 W Alene Dr, Mabank, TX, 75147

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.99 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Ice Maker, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size8,407 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces1

Land Information

APN3905-0002-0180-51
Lot Number18
SubdivisionPrairie Hill Ests #1 (57)
Land UseResidential
Legal DescriptionAB 794 G T WALTERS SUR, PRAIRIE HILL ESTS #1, BLK 2 LT 18***LIFE ESTATE KATHY J THRASHER***
Census Tract950604
Assessed Land Value$15,000
Assessed Improvement Value$127,792
Assessment Year2025

About this property

SELLER WILL PAY $3000 TOWARD CLOSING COSTS AT THIS PRICE!! Don't miss out on this great home, retire here or bring your family to this quiet home located in the heart of Mabank and only minutes from Cedar Creek Lake. 3-bedroom, brick home that has been very well maintained and is ready for new owner. Ceiling fans in all rooms. 25x 40 oversized 2-car garage with electric door opener also has overhead door on rear for driving through to back yard where there is a carport that is perfect for boat, car or small RV parking. Oversized back yard is perfect for entertaining, recreation or peaceful relaxation! Back covered patio is 25x 40 with steel framework and concrete floor. Tall privacy fence and plenty of room for an above ground pool. Plenty of plug ins (6) outside lighting all around the home. Fence is 6' on sides and 8' on the front and rear. Storage building has 2 lofts, cedar closet, inside and outside lighting. AC, roof, water heater all updated in the last few years. Quiet, peaceful neighborhood but not far from shopping, schools. Easy access to Hwy. 175 for commute to Dallas or Tyler. Enjoy fishing, boating, dining and recreational activities on beautiful Cedar Creek Lake. Some furniture, the riding lawnmower and some tools are for sale.

Investor Tools

Property Icon
$191,000
Estimated Property Value
$158,371Estimated Mortgage Balance
$32,629Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$99/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$238
$108,213
2025
$15,000
$127,792
$142,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$238
$108,213

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mkslp Ltd
Unknown
$160,000
No
First
Oct 8, 2025
Dec 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,371
$32,629
17%
83%
$960/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: Mabank

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211 W Alene Dr | Property Details | No Agent List