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$725,000

501 N Shore Dr, Amarillo, TX, 79118

$942,500 ARVInfo
PendingInfo
Beds4 Beds
Baths3 Bath
Baths4,094 Sq Ft
price_per_sqft$177.09 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Double Oven, Dishwasher, Cooktop

Exterior

Private PoolPrivate Pool
Exterior FeaturesStucco Synthetic, Brick
Lot Size2.32 acres

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-044-3900-2925
Lot Number1 - 3
SubdivisionLake Tanglewood # 1
Land UseResidential
Legal DescriptionLAKE TANGLEWOOD # 1, BLK 008, O1A BEING REPLAT OF LOTS 1 THRU 3 PLUS A .47 AC UNPLATTED TR ON THE N/LINE, 2.3200 ACRES
Census Tract021702
Assessed Land Value$25,500
Assessed Improvement Value$709,771
Assessment Year2025

About this property

Enjoy breathtaking sunset views from this Lake Tanglewood retreat on over 2 acres. Featuring a private dock at the legendary ''Honey Hole,'' one of the lake's best fishing spots, this property combines recreation, comfort, and natural beauty. Inside, you'll find 2 living areas, an office, and a versatile flex room. The property offers potential for multigenerational living or mother in law quarters. The impressive home theater is perfect for movie nights and game days. Outside, relax among mature shade trees and abundant wildlife, or take a swim in the lap pool. This Lake Tanglewood property offers the perfect combination of lake access, lake views, spacious living, and resort-style amenities. This property is the ultimate lakeside getaway!

Investor Tools

$210,313Estimated Mortgage Balance
$574,673Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$942,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,704 /month
Positive
Cash Flow Estimate:
$1,568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,119/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,513
$735,271
2025
$25,500
$709,771
$735,271
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,513
$735,271

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Conventional
$250,000
No
First
Aug 28, 2018
Sep 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,313
$685,687
76%
27%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$1,765/mo
+$26/mo
2.7%

City: Amarillo

501 N Shore Dr | Property Details | No Agent List