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$69,473

NAL Estimated Property Value

21200 Highland Lake Dr, Leander, TX, 78645

Off MarketInfo

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 prime 3/4-acre lot in Lago Vista, Texas, is perfectly positioned to capitalize on the area's rapid growth and increasing demand. Lago Vista is quickly becoming a highly desirable location for both commercial and residential development, with several exciting projects already in progress. The residential sector is booming, while commercial opportunities continue to expand, reflecting the area's dynamic future. Currently zoned C-1, this property offers an exceptional opportunity for immediate development or as a long-term investment in an up-and-coming community. There is potential for rezoning to R4, which would allow for multi-family residential development, though the city would need to approve the rezoning. Utilities are readily available at the street, making the lot development-ready. Whether you plan to build now, pursue a rezoning for multi-family use, or hold for future growth, this property is a fantastic opportunity in Lago Vista's flourishing 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
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
$250/month
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

21200 Highland Lake Dr | Property Details | No Agent List