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$69,473

NAL Estimated Property Value

21200 Highland Lake Dr, Leander, TX, 78645

Off MarketInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size32,892 sqft

Land Information

APN01609001020000
Lot Number26110
SubdivisionHighland Lake Estates Sec 26 Amended
Land UseResidential
Legal DescriptionLOT 26110 HIGHLAND LAKE ESTATES SEC 26 AMENDED
Census Tract037400
Assessed Land Value$69,473
Assessment Year2025

About this property

This exceptional 3/4-acre lot in Lago Vista, Texas, is perfectly positioned in a community where the population has doubled over the past decade. As Lago Vista continues to flourish, it has become an ideal location for investment, making this property a prime choice. The area's booming residential market and expanding commercial opportunities underscore its promising future. Santa Rita dr was just resurfaced. Currently zoned C-1, this lot provides an outstanding opportunity for immediate development or serves as a strategic long-term investment. There is also potential for rezoning to R4, subject to city approval, allowing for multi-family residential development and even short-term rental possibilities. The triangle-shaped, level terrain offers significant design flexibility and adaptability for various projects. With utilities readily accessible at the street, the property is development ready. Whether your vision includes building now, pursuing a rezoning for multi-family use, or holding it for future growth, this lot represents a remarkable investment opportunity in Lago Vista's vibrant and rapidly expanding market.

Investor Tools

Property Icon
$69,473
Estimated Property Value
$54,061Estimated Mortgage Balance
$15,617Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,375
$69,473
2025
$69,473
N/A
$69,473
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,375
$69,473

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security State Bank & Trust
Purchase Money Mortgage
$59,200
No
First
Aug 24, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,061
$15,412
22%
78%
$355/mo

City: Leander