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$252,000

NAL Estimated Property Value

407 Lake Drive, Quitman, TX, 75783

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.16 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringCarpet

Exterior

Lot Size15,002 sqft

Land Information

APN41700
Lot Number4
Land UseResidential
Legal DescriptionLOT 4 BLK 4 .3444 QUITMAN WELLS ADD
Census Tract950500
Assessed Land Value$6,000
Assessed Improvement Value$203,520
Assessment Year2025

About this property

Home is Charming from Street and OH, WAIT UNTIL YOU CHECK OUT THE INSIDE !! TERRIFIC LAYOUT. KITCHEN IS PERFECT IN SIZE AND THE WAY IT FLOWS. YOU WILL absolutely LOVE SCREEN BACK PORCH OVERLOOKING MANICURED BACKYARD. MASTER IS A GREAT SIZE WITH ATTACHED BATHROOM AND WALK-IN CLOSET WITH BUILT-INS. FAMILY ROOM FEATURES WOOD BURNING FIREPLACE. THIS HOME ALSO FEATURES METAL ROOF, FENCED BACK YARD, DOUBLE CARPORT WITH STORAGE AREA. PUT THIS ONE ON YOUR LIST, BEFORE IT IS GONE.

Investor Tools

Property Icon
$252,000
Estimated Property Value
$212,627Estimated Mortgage Balance
$39,373Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,637
$209,520
2025
$6,000
$203,520
$209,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,637
$209,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$229,000
Yes
First
Jul 12, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,627
$39,373
15%
84%
$1,373/mo

City: Quitman

407 Lake Drive | Property Details | No Agent List