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A+
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$258,000

501 Lake Drive, Tool, TX, 75143

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.58 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Water Heater

Building Information

Year Built1970
Roof Type105
Garage Spaces2

Land Information

APN2030-0001-0260-50
Lot Number26
SubdivisionArnold Hills (369)
Land UseResidential
Legal DescriptionAB 253 J M GARDNER SUR, ARNOLD HILLS SUBD, BLK 1 LT 26, B/49
Census Tract950801
Assessed Land Value$15,000
Assessed Improvement Value$148,021
Assessment Year2025

About this property

Getaway house with a waterview!!! Located on a beautiful treed corner lot. Grab your favorite beverage and enjoy the waterview from your back patio! This home could be a great weekend retreat or a fabulous VRBO. Luxury waterproof Vinyl throughout the living area,vaulted ceilings, Multiple outdoor areas to gather with family and friends. Home is complete with Carport and 2 workshops. This gem is strategically placed in the heart of Arnold Hills about an hour from Dallas.

Investor Tools

Property Icon
$258,000
Estimated Property Value
$0Estimated Mortgage Balance
$135,633Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$179/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$859
$163,021
2025
$15,000
$148,021
$163,021
No

Tax History

Year
Tax Paid
Assessed Value
2024
$859
$163,021

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$134,000
No
First
Oct 12, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,367
$135,633
52%
47%
$804/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.

Explore Texas Explore This Area
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: Tool

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501 Lake Drive | Property Details | No Agent List