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$995,000

2403 Cherry Ln, Kingsland, TX, 78639

$1,293,500 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.36 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringMarble, Tile, Wood

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APN16446
Lot Number61
SubdivisionFred Wood
Land UseResidential
Legal DescriptionFRED WOOD UNIT 5 LT 61
Census Tract970501
Assessed Land Value$12,600
Assessed Improvement Value$678,420
Assessment Year2025

About this property

ENJOY LUXURY LAKE LIVING PRICED BELOW MARKET in the gated subdivision of THE COVE AT LAKE LBJ. This amazing NEW construction Modern Farmhouse is 2932 sqft with 4 bedrooms, 3.5 bathrooms, a two car garage complete w/extra refrigerator, additional W/D, large fenced private yard with a custom splash pool and can sleep 12-15 people comfortably, making it a great place to call home or a great turnkey Short Term Rental opportunity. This home boasts the finest in materials including hardwood floors, quartz counter tops in the large kitchens & bathrooms, stainless steel appliances, a gas cooktop, wine refrigerator.. designer finishes, & one bedroom as an over-the-top bunk room, laundry rooms upstairs as well as downstairs. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen tv, dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees & overlooking the lake. Just steps away is the lake featuring 8 boat slips& a slip for jet ski’s & easy access for kayaking & stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable & user-friendly watersports haven. The Cove at LBJ is also minutes from world class golfing. Enjoy wine tasting in the Hill Country, shopping, casual or fine dining or all-day enjoyment on the lake & in your private home. Residents can choose to use the day dock as well as secure a private boat dock for an additional$100,000. Come take a look today!

Investor Tools

$2,380,310Estimated Mortgage Balance
$985,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,293,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

Interested in this property?

Lesli Akers

Keller Williams Lake Travis

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$652/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,903
$691,020
2025
$12,600
$678,420
$691,020
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,903
$691,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Foundation Cref Funding Ii Llc
Commercial
$2,000,000
No
First
May 31, 2022
Jun 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,380,310
N/A
0%
242%
$14,835/mo

City: Kingsland

2403 Cherry Ln | Property Details | No Agent List