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$450,000

271 County Road 1559, Alba, TX, 75410

$585,000 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,914 Sq Ft
price_per_sqft$235.11 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage, Other
Lot Size14,148 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN51198
Lot Number12
Land UseResidential
Legal DescriptionLOT 12 BLK 3 MARINA EST A-12 B ANDERSON
Census Tract950402
Assessed Land Value$28,870
Assessed Improvement Value$346,930
Assessment Year2025

About this property

OPEN HOUSE: Sept 19th and 20th Noon-4pm. Escape to the charm of East Texas in this spacious home just steps from world-famous Lake Fork, one of the nation's premier bass fishing destinations. Located just outside Lake Fork Marina, you'll enjoy easy access to the marina's restaurant, convenience store, and boat slips, while the quiet neighborhood offers no through traffic and a private boat ramp exclusively for residents. Inside, warm knotty pine walls and soaring ceilings create the perfect cabin atmosphere, while the open-concept floor plan provides plenty of room for full-time living or weekend getaways. The kitchen features stainless steel appliances, a pantry with convenient pull-out drawers, and abundant storage. The primary bedroom with ensuite bath as well as another bedroom and full bath are located downstairs. An additional bedroom, full bath, and a loft that's ideal for a home office or reading nook are upstairs. The second floor also provides walk-in attic access great for storage. Unlike many of the smaller fishing cabins in the area, this home offers generous living space along with exceptional storage for vehicles, boats, and hobbies. The oversized finished two-car garage is spray foam insulated and is complemented by a 26-foot carport plus an additional golf cart or mower garage. You can park your bass boat in the garage! Garage also has plugins both inside and out. Above the garage, a partially finished bonus room offers endless possibilities as a bunk room for grandkids, hobby space, home office, or extra storage. The refrigerator, washer, and dryer all convey, and most furniture is negotiable, making this an outstanding opportunity for a move-in-ready primary residence, vacation home, or investment property near beautiful Lake Fork. Short term rentals allowed.

Investor Tools

$205,774Estimated Mortgage Balance
$246,226Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$585,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,712 /month
Positive
Cash Flow Estimate:
$904 /month

Interested in this property?

Karen Baldwin

Jones & Co. Realty Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$461/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,277
$375,800
2025
$28,870
$346,930
$375,800
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,277
$375,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Conventional
$233,530
No
First
Jun 18, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,774
$246,226
54%
46%
$1,401/mo

City: Alba

271 County Road 1559 | Property Details | No Agent List