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$399,900

281 Lakeside Dr, China Spring, TX, 76633

$425,000 ARVInfo
On MarketInfo
Beds6 Beds
Baths4 Bath
Baths4,044 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.89 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Vented Exhaust Fan
FlooringLaminate, Vinyl

Exterior

Lot Size1.03 acres

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces4

Land Information

APN180617000019001
SubdivisionMccoy G
Land UseAgriculture / Farming
Legal DescriptionMCCOY G ACRES 1.03
Census Tract004102
Assessed Land Value$21,090
Assessed Improvement Value$378,910
Assessment Year2025

About this property

Here's an amazing opportunity in China Spring! Perfectly located near local eateries, shopping, and in a desirable school district, this expansive property offers over an acre of land with beautiful shade trees, giving you a peaceful, country feel close to town. The 4,000+ sq ft home is designed as a duplex-style layout with tons of versatility, making it an ideal choice for anyone seeking flexibility and potential income: Live on one side and rent out the other to offset mortgage costs. Rent out both sides for consistent rental income. Market it as a vacation rental for visitors wanting a spacious retreat in a scenic setting. Create your forever home by using one side as a mother-in-law suite or guest quarters. Remodel the entire space to combine both sides into a single, expansive dream home. The layout includes three covered carports at the front, perfect for accommodating both residents and potential tenants. Main Side Highlights: The largest side is designed with plenty of space for a family and features an open-concept layout, ideal for entertaining. As you step inside, you’ll find: A formal dining room, spacious living room, and open kitchen that flow together seamlessly A statement brick fireplace in the living room accompanied by built in book shelves on either side, creating a cozy and stylish focal point A kitchen that opens into both the dining and living rooms, making this area perfect for gatherings Four bedrooms and three bathrooms, with three bedrooms and two bathrooms on one side and an additional, more secluded bedroom and bathroom on the other side for added privacy Secondary Side Highlights: The second side of the home has a huge living area that flows into an eat-in breakfast nook and kitchen. This unit includes: Two bedrooms and one bathroom Plenty of living space that can serve a variety of needs, whether for family members, guests, or tenants This property

Investor Tools

Property Icon
$400,000
Estimated Property Value
$0Estimated Mortgage Balance
$400,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$425,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Todd Talbert

Timber Creek Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,405
$400,000
2025
$21,090
$378,910
$400,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,405
$400,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$400,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,450/mo
N/A
+$1,450/mo
4.3%

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: China Spring

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281 Lakeside Dr | Property Details | No Agent List