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$195,000

242 County Road 1550, Alba, TX, 75410

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$766.13 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Vented Exhaust Fan
FlooringCarpet, Vinyl

Building Information

Year Built2007

Land Information

APN81928
Land UseResidential
Legal DescriptionABS 0280; HALLMARK G; TRACT 20 PT; IMPRV ONLY ON R79598
Census Tract950401
Assessed Improvement Value$15,040
Assessment Year2025

About this property

!!! RARE OPPORTUNITY TO OWN WATERFRONT PROPERTY ON LAKE FORK THAT HAS 1042 FEET OF FRONTAGE TO FM 17. Significant Sabine River Authority land lease nearly doubles the size of the property. Multiple dream home sites can have direct access to FM 17 and FM 1550. Current home is well equipped for small families or weekend trips to Lake Fork for fishing and quiet sunsets. Family or corporate events are a breeze under the 50 x 30 pavilion that has concrete floor water and electric. A pier and 2 concrete boat ramps get you into Lake Fork with ease the day of closing.

Investor Tools

Property Icon
$195,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$97/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$189
$15,040
2025
N/A
$15,040
$15,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$189
$15,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,000
100%
0%
$0/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: Alba

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242 County Road 1550 | Property Details | No Agent List