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$474,000

NAL Estimated Property Value

281 Murray Dr, Grapeland, TX, 75844

$600,821 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,867 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.89 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven
FlooringVinyl, Wood

Exterior

Lot Size32,017 sqft

Building Information

Year Built2003

Land Information

APN058200083000000000000
Lot Number38,39
SubdivisionPiney Points
Land UseResidential
Legal DescriptionPINEY POINTS LOTS 38 & 39
Census Tract950101
Assessed Land Value$86,940
Assessed Improvement Value$262,950
Assessment Year2025

About this property

Charming Lakehouse Dreamer! This beautifully remodeled 3-bed, 2-bath lakehouse boasts approx. 116 ft of lake frontage on Houston County Lake, sitting on a 0.828-acre double lot. Freshly painted inside and out, it features stunning high, exposed beam ceilings, a well-designed kitchen with a breakfast bar and corner sink. A sunroom with a Dutch door for extra flex space. The laundry area boasts a stylish sliding barn door. One bedroom and bath are on the main floor, while the expansive primary suite upstairs showcases breathtaking lake views. A sliding door leads to a covered front porch, perfect for relaxing by the water. Comes fully furnished at list price and is ideal as a permanent home, weekend getaway, or Airbnb investment. Voluntary HOA. Survey included. Don’t miss this lakefront gem—schedule your showing today!

Investor Tools

Property Icon
$474,000
Estimated Property Value
$104,886Estimated Mortgage Balance
$369,114Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$600,820
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,844 /month
Positive
Cash Flow Estimate:
$948 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$279/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$979
$349,890
2025
$86,940
$262,950
$349,890
No

Tax History

Year
Tax Paid
Assessed Value
2025
$979
$349,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Va
$147,096
Yes
First
Aug 29, 2013
Sep 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,886
$337,114
76%
22%
$0/mo

City: Grapeland

281 Murray Dr | Property Details | No Agent List