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$343,000

NAL Estimated Property Value

22731 Diamond Bay Dr, Frankston, TX, 75763

$419,481 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,992 Sq Ft
price_per_sqft$165.66 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal
FlooringCeramic Tile, Luxury Vinyl Plank

Building Information

Year Built1993
Roof Type105
Garage Spaces6

Land Information

APN2597-0000-0180-10
Lot Number18
SubdivisionDiamond Head Bay (34)
Land UseResidential
Legal DescriptionLT 18 AB 624 W PICKETT SUR, DIAMOND HEAD BAY, LT 18, D/150
Census Tract951401
Assessed Land Value$25,000
Assessed Improvement Value$294,014
Assessment Year2025

About this property

MOTIVATED SELLER. BRING ALL OFFERS! This stunning 2BR with en-suite bathrooms home located in a cul-de-sac on beautiful Lake Palestine. Access to a private boat ramp and a fishing pier within a gated community with HOA fee $245 a year. The living room large windows provide plenty of natural light. The open concept living area seamlessly connects to the dining and kitchen spaces making it a nice place to entertain. The kitchen is a chef’s dream with stainless steel appliances, extra deep sink, ample counter & storage space, large island, granite countertops with a leather surface feel and rough-cut edges. Large windows in each bedroom add beautiful, natural light. Storage and workshop is available in the attached and detached garages. The large deck overlooks vegetable gardens, fruit trees, and other native plants. The front yard features native trees, shrubs, and flowers. This house is perfect for entertaining family and friends, or relaxing and enjoying the peaceful view of the lake.

Investor Tools

Property Icon
$343,000
Estimated Property Value
$0Estimated Mortgage Balance
$343,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$419,480
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,058 /month
Positive
Cash Flow Estimate:
$686 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
$245/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,073
$319,014
2025
$25,000
$294,014
$319,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,073
$319,014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$343,000
100%
0%
$0/mo

City: Frankston

22731 Diamond Bay Dr | Property Details | No Agent List