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$299,000

2808 Kings Circle Dr, Granite Shoals, TX, 78654

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,958 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.71 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Water Heater, Gas Range, Refrigerator, Stainless Steel Appliances
FlooringConcrete, Wood

Exterior

Exterior FeaturesNo Exterior Steps, Rain Gutters
Lot Size18,160 sqft

Building Information

Year Built1984
Garage Spaces2

Land Information

APN39788
Lot Number489
SubdivisionSherwood Shores Iv
Land UseResidential
Legal DescriptionS7705 SHERWOOD SHORES IV LOT 489, 489A & 490
Census Tract960501
Assessed Land Value$15,622
Assessed Improvement Value$311,334
Assessment Year2025

About this property

Enjoy the Lake LBJ lifestyle in Granite Shoals, known as the “City of Parks” for its numerous neighborhood parks and waterfront access points. Situated on three lots totaling approximately .42 acres and just a short distance from a Lake LBJ waterfront park, this character-filled home offers plenty of potential for a buyer ready to make it their own. The spacious living area features a distinctive stone accent wall and wood flooring, with an adjoining dining area and kitchen offering abundant cabinetry and workspace. The primary suite includes a private bath and separate nook that could serve as a sitting area, office or reading retreat. Two additional bedrooms provide comfortable space for family or guests. The home is ready for cosmetic updates, including fresh paint and new flooring in portions of the bedroom areas, giving the next owner the opportunity to update the interiors to their taste. Outside, mature trees shade the backyard, where a stone fire pit, string lighting and covered structure create the makings of a fun outdoor bar, dining and entertaining area. Two additional outbuildings provide useful storage for tools, lawn equipment and lake gear. With three lots, nearby Lake LBJ access, versatile indoor and outdoor spaces, and a setting beneath mature trees, this property offers a great opportunity to create a home that fits your style and needs.

Investor Tools

$142,815Estimated Mortgage Balance
$150,185Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Chad Thibodeaux

RE/MAX HORSESHOE BAY RESORT SA

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,460
$267,796
2025
$15,622
$311,334
$326,956
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,460
$267,796

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$167,062
Yes
First
May 31, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,815
$150,185
51%
49%
$1,002/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: Granite Shoals

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2808 Kings Circle Dr | Property Details | No Agent List