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$287,000

NAL Estimated Property Value

362 Vz County Road 3716, Wills Point, TX, 75169

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,113 Sq Ft
price_per_sqft$78.09 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven

Exterior

Lot Size18,295 sqft

Building Information

Year Built1973
Stories1
Garage Spaces4

Land Information

APN086.5070.0002.0001.0200
Lot Number1
Land UseResidential
Legal DescriptionACRES: 0.420 BLK: 2 LOT: PT 1 ADDN: D & H LAKESIDE
Census Tract950400
Assessed Land Value$26,640
Assessed Improvement Value$260,320
Assessment Year2025

About this property

Seller says lets get it sold! You will love this lake community if you are desiring to be out of the city and looking for a peaceful atmosphere. Sit on your front porch and enjoy some very pretty lake views. You wont be disappointed in the lake area setting this property has to offer. The home sits on a large .42 of an acre fenced lot, with a two car detached garage. Large living room adjoins the dining area. You will be drawn to the inviting stone fireplace with a raised hearth that the family will be sure to cozy up to and enjoy on those cold winter nights. The large kitchen also adjoins to the dining area. Two large bedrooms are away from the main living space. Has a nice sized bathroom. There is an add on in the back that can serve as a game room or mancave. Owner is selling due to a loss and him unable to maintain the home any longer. Just a little TLC and this home will be a charm and a perfect get away, retirement or first time buyer! Roof and HVAC system was put installed in 2012. Seller states at this price with reduction there will be no repairs. All the big stuff is done, just update and freshen up and it will be a super cute lake house!

Investor Tools

Property Icon
$287,000
Estimated Property Value
$117,527Estimated Mortgage Balance
$169,473Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$204/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,011
$286,960
2025
$26,640
$260,320
$286,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,011
$286,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tram Nguyen Etal
Unknown
$120,000
No
First
Mar 26, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,527
$169,473
59%
41%
$720/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: Wills Point

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362 Vz County Road 3716 | Property Details | No Agent List