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$287,000

NAL Estimated Property Value

232 Lake Drive, Springtown, TX, 76082

$290,871 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,764 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.81 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesConvection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size10,454 sqft

Building Information

Year Built2006

Land Information

APN17740-012-017-00
Lot Number17R
SubdivisionSpring Branch Acres
Land UseResidential
Legal DescriptionACRES: 0.240 LOT: 17R BLK: 12 SUBD: SPRING BRANCH ACRES
Census Tract140403
Assessed Land Value$50,000
Assessed Improvement Value$237,000
Assessment Year2025

About this property

Great Location! Great Curb Appeal! This Home Sweet Home has been well taken care of! Great for a Family or Busy Persons with a commute to work or possibly for that family that needs to down size but not give up a lot of guest room. This sweet home welcomes you when you enter the front door. Open concept Kitchen, Living, Dining with a wood burning fireplace. Step out to your very long covered back porch and out to an over sized back yard! Don't Forget a Large Bonus room that could be used for a play room, game room, formal dining and or formal living room. Home is not a place...it's a feeling I hope you get that when you enter! There is a large above ground pool that can be removed if not wanted.

Investor Tools

Property Icon
$287,000
Estimated Property Value
$169,012Estimated Mortgage Balance
$117,988Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$290,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$120/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$287,000
2025
$50,000
$237,000
$287,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$287,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$193,431
Yes
First
Dec 16, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,012
$117,988
41%
59%
$1,160/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.

Explore Texas Explore This Area
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: Springtown

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232 Lake Drive | Property Details | No Agent List