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$208,000

NAL Estimated Property Value

316 Lake By Dr, Kemp, TX, 75143

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,007 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.58 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Water Heater
FlooringTile

Building Information

Year Built2022
Garage Spaces2

Land Information

APN3275-0000-039A-50
Lot Number39
Land UseMobile Home
Legal DescriptionLT 39 AB 470 J LOVE SUR, LAKE BY ACRES LT 39, D/3 (M/H ONLY- LABEL# NTA2121931/2 S/N# OC05234416A/B)
Census Tract950700
Assessed Improvement Value$132,412
Assessment Year2025

About this property

This 3 bed, 2 bath brick home boasts over 2,000 square feet of living space, situated on a sprawling 3-acre lot in a peaceful country subdivision just minutes from town and offers the perfect blend of privacy and convenience. As you step inside, you'll be greeted by a spacious living room with a cozy fireplace, perfect for chilly evenings. The open floor plan flows seamlessly into the dining area and kitchen, making it the perfect space for entertaining. The master bedroom is large and features an en-suite bathroom. Two additional bedrooms and another full bathroom provide plenty of space for family and guests. The home also includes an additional large room that could be used as an office, gym, or fourth bedroom. The property boasts a stunning yard with ample space for outdoor activities. This home is perfect for those who crave a peaceful and quiet lifestyle while still being close to all the amenities that town has to offer. Schedule your showing today!

Investor Tools

Property Icon
$208,000
Estimated Property Value
$188,673Estimated Mortgage Balance
$19,327Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$542
$132,412
2025
N/A
$132,412
$132,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$542
$132,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$200,000
No
First
Apr 5, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,673
$19,327
9%
91%
$1,200/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: Kemp

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316 Lake By Dr | Property Details | No Agent List