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$257,961

NAL Estimated Property Value

3140 Drapers Cv, Lago Vista, TX, 78645

$335,349 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,908 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.75 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Lot Size18,121 sqft

Building Information

Year Built1972
Stories1
Roof Type112
Garage Spaces3

Land Information

APN01628009110000
SubdivisionSettle M
Land UseResidential
Legal DescriptionABS 2126 SUR 49 SETTLE M ACR .416
Census Tract037400
Assessed Land Value$109,490
Assessed Improvement Value$344,095
Assessment Year2025

About this property

Imagine waking up to lake views, spending your days on the water, and returning to your private retreat just a 5-minute walk from lake access. At 3140 Drapers Cove in Lago Vista, TX, this dream becomes reality. Located in the Lago Vista ETJ, This charming 3-bedroom, 1-bath home is directly across the street from the lake, offering sweeping views from the living room and deck. Inside, you’ll find an updated kitchen ready for gatherings, while outside, solar panels provide lower energy bills and sustainable living. The massive garage includes a workshop and boat storage, with a generous driveway perfect for entertaining or hosting weekend guests. Recently pumped septic gives peace of mind, and the home is being sold as-is — ready for your personal touch and a little TLC to bring out its full potential. Whether you’re seeking a quiet getaway, an income-producing Airbnb, or your dream lakeside home, this is your chance to invest in the Lago Vista lifestyle. Opportunities like this are rare — don’t miss it!

Investor Tools

Property Icon
$257,961
Estimated Property Value
$275,905Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$335,349
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,188
$257,961
2025
$109,490
$344,095
$453,585
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,188
$257,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$280,000
Yes
First
May 13, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$275,905
N/A
0%
107%
$1,679/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: Lago Vista

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3140 Drapers Cv | Property Details | No Agent List