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$151,000

221 Penobscot Trl, Henrietta, TX, 76365

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths915 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$244.81 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringLaminate

Building Information

Year Built1960

Land Information

APN041700000230801000000
Lot NumberM-8
Land UseResidential
Legal DescriptionIMPROVEMENTS LT M-8 EAST LAKE ARROWHEAD 221 PENOBSCOT TRAIL
Census Tract030302
Assessed Improvement Value$97,710
Assessment Year2025

About this property

WOW! Waterfront Lake House + $1,000 Buyer Incentive at Closing! Discover this beautifully renovated 2-bedroom, 1-bath waterfront home surrounded by mature pine trees and peaceful lake views. Perfect for anyone seeking tranquility, nature, and a place to unwind. The property is enhanced with bamboo, peach trees, and lush Irish moss ground cover, creating a relaxing and private atmosphere. Step inside to a bright, open layout with a fully remodeled kitchen featuring new white cabinetry and stainless steel appliances. The home includes all-new siding, windows, doors, baseboards, light fixtures, ceiling fans, and laminate flooring throughout. A spacious laundry room provides extra storage, and a new mini-split HVAC system ensures comfort all year long. Land Lease Info: Land is leased from Wichita Falls County for only $1,000 per year. The county maintains the lake, ensuring water quality, compliance, and regular stocking, so you enjoy the benefits of waterfront living without the upkeep. You own the home itself. Fix the existing well pump and enjoy endless lake fun — this property offers peace, beauty, and a true connection to nature. Whether you’re seeking a quiet escape, a weekend retreat, or a personal sanctuary, this lake house is well worth the visit!

Investor Tools

Property Icon
$151,000
Estimated Property Value
$0Estimated Mortgage Balance
$151,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,707
$97,710
2025
N/A
$97,710
$97,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,707
$97,710

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$150,000
100%
0%
$0/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: Henrietta

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221 Penobscot Trl | Property Details | No Agent List