Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$507,000

NAL Estimated Property Value

38 Lake Point Dr, Gordon, TX, 76453

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,540 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$437.66 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Oven, Electric Water Heater
FlooringLaminate

Exterior

Exterior FeaturesDock, Storage
Lot Size30,753 sqft

Building Information

Year Built1986
Garage Spaces2

Land Information

APN114250000
Lot Number7A
SubdivisionCopperhead Pp Lake
Land UseResidential
Legal DescriptionCOPPERHEAD PP LAKE BLK 1 LOT 7A G#C0575-00-00010-007-0A-0
Census Tract000300
Assessed Land Value$8,070
Assessed Improvement Value$187,880
Assessment Year2025

About this property

Nestled on a serene 1.451 acre lot on Lake Palo Pinto, this charming property offers a picturesque retreat. The ASPHALT driveway runs from the street to the circle drive & ALL THE WAY TO THE DOCK. Front yard is shady with a rock fence; lakeside yard is chain link. The main house features a rustic fireplace in its spacious great room, and plenty of natural light from windows that showcase views. Large deck for outdoor enjoyment. Two downstairs bedrooms provide comfortable living spaces, complemented by a loft 3rd bedroom upstairs with its own bathroom, and a small balcony. Renovated in 2015, roof installed in 2016 and AC unit in 2023. The septic system was refurbished in 2023. A detached bunkhouse with a screened-in porch offers additional accommodation. The covered permanent dock and floating dock have both a boat lift and a Seadoo lift, plus a boat slip perfect for enjoying lakeside activities. Nice detached 2 car garage and a 20 x 10 storage building. Driveway is shared by easement.

Investor Tools

Property Icon
$507,000
Estimated Property Value
$470,122Estimated Mortgage Balance
$36,878Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,044 /month
Positive
Cash Flow Estimate:
$1,348 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,580
$195,950
2025
$8,070
$187,880
$195,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,580
$195,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grandview Bank
Building Or Construction Loan
$474,960
No
First
Oct 14, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$470,122
$36,878
7%
93%
$2,848/mo

City: Gordon

38 Lake Point Dr | Property Details | No Agent List