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$510,000

23322 Three Points Dr, Frankston, TX, 75763

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$367.86 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Refrigerator, Electric Water Heater
FlooringTile

Exterior

Exterior FeaturesBoat Slip

Building Information

Year Built1977
Roof Type105
Garage Spaces2

Land Information

APN4345-0002-0120-87
Lot Number12
SubdivisionThree Points Ests (180)
Land UseResidential
Legal DescriptionLT 12 AB 9 M GOLIHER SUR, THREE POINTS ESTS, BLK 2 LT 12, B/95
Census Tract951401
Assessed Land Value$35,890
Assessed Improvement Value$327,190
Assessment Year2025

About this property

Slow your BASS down and take a Look! This 3-bedroom, 2-bath waterfront home on Lake Palestine offers approximately 1,400 sq ft with an open layout, easy flow, and storage everywhere you look—because lake living comes with gear, and this house is ready for it. The big updates are already done: electrical rewire (2023), fencing and landscaping (2024), new roof and 2-slip boat dock (2025). Step outside and you’re instantly in lake mode—morning coffee by the water, long afternoons on the lake, and evenings that are hard to leave. The 2-slip dock keeps everything ready to go, while the garage storm shelter adds extra peace of mind. Whether you’re looking for a full-time home or a weekend escape, this one is updated, functional, and ready to enjoy from day one. Don’t wait—properties like this don’t last long.

Investor Tools

Property Icon
$510,000
Estimated Property Value
$185,000Estimated Mortgage Balance
$327,705Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$627/month
$65/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,976
$363,080
2025
$35,890
$327,190
$363,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,976
$363,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$185,000
No
First
Jul 3, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,295
$327,705
64%
36%
$1,110/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: Frankston

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23322 Three Points Dr | Property Details | No Agent List