6view

Owner Contacts

$558,796

NAL Estimated Property Value

507 Old Mill Ln, East Tawakoni, TX, 75472

Off Market

3 Beds

2 Bath

2,180 Sq Ft

Single Family Residence

$286.7 / sqft

Built in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms 2

AppliancesDishwasher, Electric Cooktop, Electric Oven, Warming Drawer

FlooringConcrete

Exterior

Exterior FeaturesBalcony, Dock, Storage

Lot Size7,736 sqft

Building Information

Year Built2005

Garage Spaces4

Land Information

APN9423

Lot Number2

Land UseResidential

Legal DescriptionWHISPERING OAKS, LOT 2, ACRES .1776

Census Tract950200

Assessed Land Value$66,501

Assessed Improvement Value$492,295

Assessment Year2025

About this property

BUYERS CONTINGENCY CONTRACT FELL THROUGH! STUNNING WATERFRONT HOME ON LAKE TAWAKONI! House maximizes lake views wherever possible! 2nd floor is the master suite with an office, bathroom & 2nd utility room, coffee bar & mini frig & uniquely made out of reclaimed wood from a vintage railroad car, fireplace, & balcony with lake view! Downstairs has a large open kitchen, living & dining room with 2 bedrooms & 1 bath plus additional utility room. The lakeside living room provides the perfect escape with large windows overlooking the lake, mature trees & stay warm by the fireplace during the winter months. Open modern kitchen has everything you need with granite counters, oven with warmer drawer, farm house sink, stainless steel appliances & kitchen island. Room for all the toys in the 4 car attached garage plus garage with carport. Property is fenced with automatic gate. Boat ramp nearby! Boat dock, 8 foot walk way to drive golf cart all the way to your boat! Roof replaced in March 2023!

Investor Tools

$558,796

Estimated Property Value

$477,187Estimated Mortgage Balance

$81,609Estimated Equity

14% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,750 /month

Positive

Cash Flow Estimate:

$1,250 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$845/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,352

$558,796

2025

$66,501

$492,295

$558,796

Tax History

Year

Tax Paid

Assessed Value

2025

$7,352

$558,796

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Newrez Llc

Fha

$484,270

Yes

First

Jul 23, 2025

Aug 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$477,187

$81,609

14%

85%

$2,904/mo

Learn About the Market: Opportunity in Texas

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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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