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$353,000

NAL Estimated Property Value

500 Lake By Drive, Kemp, TX, 75143

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,128 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$105.73 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven

Building Information

Year Built1978
Roof Type105
Garage Spaces2

Land Information

APN3275-0000-0340-50
Lot Number34
SubdivisionLake By Acres (79)
Land UseResidential
Legal DescriptionLT 34 AB 470 J LOVE SUR, LAKE BY ACRES LT 34, D/3
Census Tract950700
Assessed Land Value$15,000
Assessed Improvement Value$265,548
Assessment Year2025

About this property

Looking to for a little bit of land outside of the city? Here you go! This 3 bed, 2 bath modular home has plenty of space for the whole family, a carport, an attic, and a good sized shop! All on 2.98 acres that's cross fenced with a pond towards the back of the property. Vinyl plank flooring throughout and lots of great windows brighten up this home! Covered front and back porch is perfect for relaxing and enjoying the peace and quiet. Quick 5 minute drive to Cedar Creek Lake and only about 30 minutes to Kaufman and Ennis.

Investor Tools

Property Icon
$353,000
Estimated Property Value
$202,884Estimated Mortgage Balance
$150,116Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,118 /month
Positive
Cash Flow Estimate:
$706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,220
$280,548
2025
$15,000
$265,548
$280,548
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,220
$280,548

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Fha
$220,924
Yes
First
Jan 12, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,884
$150,116
42%
57%
$1,325/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: Kemp

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500 Lake By Drive | Property Details | No Agent List