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$364,000

31 Deer Island Rd, Mabank, TX, 75156

$390,320 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,682 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$338.88 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Building Information

Year Built1970
Roof Type105
Garage Spaces2

Land Information

APN4615-0000-0080-30
Lot Number8
SubdivisionWoodcanyon Waters #1 (76)
Land UseResidential
Legal DescriptionLT 8 AB 89 J J BECK SUR, WOODCANYON WATERS #1, LT 8, A/252
Census Tract950904
Assessed Land Value$135,000
Assessed Improvement Value$250,436
Assessment Year2025

About this property

**Stunning Lakefront Retreat Perfect for Entertaining and Relaxation!** Nestled on a spacious, heavily treed lot, this beautiful lake home offers a fantastic floorplan designed for comfort and gatherings. The first floor features an attached two-car garage with a climate-controlled bunkroom, a cozy living area, a full bathroom, and a convenient laundry space. Upstairs, you’ll find a chef's dream kitchen complete with a large island, stainless steel appliances, and plenty of room for hosting. Adjacent to the kitchen, the second living room boasts a welcoming fireplace, perfect for cozy evenings. Two generously sized primary bedrooms, each with their own private bathrooms, provide the ultimate in comfort and privacy. Step outside to the expansive deck, where you’ll enjoy breathtaking views of the private boat dock and serene lake. As a bonus, the voluntary Woodcanyon HOA offers exclusive access to a community boat slip, making lake life even more convenient. This exceptional property is the perfect blend of natural beauty, modern amenities, and lakeside living. Don’t miss your chance to call it home!

Investor Tools

Property Icon
$364,000
Estimated Property Value
$350,000Estimated Mortgage Balance
$20,163Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$357/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,468
$305,398
2025
$135,000
$250,436
$385,436
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,468
$305,398

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$350,000
No
First
May 27, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,837
$20,163
5%
94%
$2,099/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: Mabank

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31 Deer Island Rd | Property Details | No Agent List