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$1,051,000

NAL Estimated Property Value

476 County Road 1503, Alba, TX, 75410

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,433 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$327.7 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBoat Slip
Lot Size32,496 sqft

Building Information

Year Built2001
Garage Spaces2

Land Information

APN71172
Land UseResidential
Legal DescriptionLOT 11 .746 LITTLE MUSTANG COVE SUBD
Census Tract950402
Assessed Land Value$154,200
Assessed Improvement Value$572,730
Assessment Year2025

About this property

This luxury log cabin is on a deep channel, on one of the premier bass fishing lakes in Texas, Lake Fork. Sitting on 2 acres on the lake with a leaseback, just outside of Dallas; this property offers a vast amount of amenities to enjoy for any homeowner. This home has been tailored, to serve as a true escape from the city, and everyday life. As you enter through a customized electronic gate, some of the features of this property are: the amazing outdoor kitchen, that is perfect for an al fresco experience. The outdoor fireplace, which has plenty of seating, is ideal for entertaining. The slightly meandering walkway leads to an outdoor firepit fit for gatherings or roasting marshmallows. As you continue, to the upgraded dock, that is equipped with an outdoor sink and extra storage, you can sit right on the lake for the beautiful sunsets. The jewel of this property, is a separate 2-bed, 1-bath, and kitchen right above the garage that catches gorgeous lake views from the second floor. The architecture of this home is consistent with its craftsmanship inspiration throughout. The extended driveway entrance provides extra parking for vehicles and has a pickle ball court. The wrap around porch allows you to always enjoy the fresh air and being right on the lake. This property truly embodies the essence of a resort retreat. Every detail has gone into this property, thus making it one of a kind. Please see attached for upgrade list

Investor Tools

Property Icon
$1,051,000
Estimated Property Value
$494,589Estimated Mortgage Balance
$556,411Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,750 /month
Positive
Cash Flow Estimate:
$2,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$713/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,303
$585,629
2025
$154,200
$572,730
$726,930
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,303
$585,629

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Seller Carryback / Seller Financing / Seller Take-Back
$500,000
No
First
Mar 13, 2025
Mar 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,589
$556,411
52%
47%
$3,497/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: Alba

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476 County Road 1503 | Property Details | No Agent List