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$210,000

238 Preston Shores Dr, Pottsboro, TX, 75076

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.03 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size17,250 sqft

Building Information

Year Built1983

Land Information

APN022C6537062
Lot Number389-391
SubdivisionPreston Shores Unit 2
Land UseResidential
Legal DescriptionPRESTON SHORES UNIT 2, LOT 390, 391 & 389 LESS W 3'
Census Tract000306
Assessed Land Value$67,275
Assessed Improvement Value$81,730
Assessment Year2025

About this property

Now offering $10,000 in seller concessions! Use it to buy down your rate or help with closing costs! Charming 2-bed, 1-bath home on a beautifully wooded lot just minutes from Lake Texoma! Recently updated with stylish vinyl flooring, this home offers comfort and convenience in a prime location. Relax outdoors on the inviting 12x7 covered front porch, perfect for morning coffee or unwinding after a day on the lake. Enjoy quick access to lake activities on Preston Peninsula, plus Tanglewood Resort and Golf Course are just minutes away. With easy access to Highway 289, commuting is a breeze. Whether you're looking for a full-time residence, weekend getaway, or investment property, this home is ideal for both long and short-term rentals. Don't miss this fantastic opportunity to own a slice of lake life!

Investor Tools

Property Icon
$181,000
Estimated Property Value
$163,800Estimated Mortgage Balance
$18,868Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,083
$149,005
2025
$67,275
$81,730
$149,005
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,083
$149,005

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers Bank & Trust
Conventional
$163,800
No
First
Oct 3, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,132
$18,868
10%
90%
$983/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: Pottsboro

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238 Preston Shores Dr | Property Details | No Agent List