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Days305Days on Market
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$185,000

314 Seneca Dr, Burnet, TX, 78611

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,368 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$135.23 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesElectric Range, Microwave, Refrigerator, Electric Water Heater
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size10,001 sqft

Building Information

Year Built1985
Garage Spaces1

Land Information

APN38823
Lot Number59,60
SubdivisionSherwood Shores Iii
Land UseResidential
Legal DescriptionS7700 SHERWOOD SHORES III LOT 59 & 60, SEC A .0
Census Tract960401
Assessed Land Value$10,000
Assessed Improvement Value$153,628
Assessment Year2025

About this property

This 3BR/2BA home may have started as a single-wide, but you’d never know it—thanks to a full remodel inside and out with complete masonry exterior, fresh finishes, and thoughtful upgrades. The spacious concrete drive leads to a covered front entry and large porch, perfect for relaxing or finishing your dream outdoor kitchen (already started). Out front, a bonus structure offers endless potential—guest house, game room, hobby space, or home office. The third bedroom is part of a quality add-on that also created a roomy laundry area. Additional highlights include a concrete back patio, extra storage, and an open kitchen with updated flooring, cabinetry, and fixtures. Located in a neighborhood with a gated waterfront park, boat ramp, and fishing pier on Lake LBJ, this property blends everyday comfort with lake life fun. Whether you’re looking for a primary home, weekend getaway, or versatile investment, this one delivers more than meets the eye.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$37,800Estimated Mortgage Balance
$268,464Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

Interested in this property?

Katie Simon

eXp Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
$40/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$940
$161,985
2025
$10,000
$153,628
$163,628
No

Tax History

Year
Tax Paid
Assessed Value
2024
$940
$161,985

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joyce Maxine Husted Gatlin
Purchase Money Mortgage
$37,800
No
First
Mar 1, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$29,700
$294,300
90%
10%
$227/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.

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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: Burnet

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314 Seneca Dr | Property Details | No Agent List