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$237,051

NAL Estimated Property Value

508 Mountain Lake Dr, Woodway, TX, 76712

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,473 Sq Ft
price_per_sqft$152.75 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Water Heater, Vented Exhaust Fan
FlooringCarpet, Laminate, Other

Exterior

Lot Size10,890 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN362520000044009
Lot Number8
SubdivisionPassmore
Land UseResidential
Legal DescriptionPASSMORE LOT 8 BLOCK 6 ACRES .25
Census Tract002504
Assessed Land Value$25,370
Assessed Improvement Value$217,330
Assessment Year2025

About this property

This 3 bedroom, 2 bathroom home is located near the heart of Woodway with easy access to many local amenities, schools, and highways. Living area features a nice built-in and good natural light. Kitchen offers an adjacent breakfast area for dining. All bedrooms are spacious. Large lot to enjoy. 508 Mountain Lake Drive is full of potential - don't miss it!

Investor Tools

Property Icon
$237,051
Estimated Property Value
$137,325Estimated Mortgage Balance
$99,726Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,587
$237,051
2025
$25,370
$217,330
$242,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,587
$237,051

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$140,000
No
First
Apr 11, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,325
$99,726
42%
58%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,120/mo
$840/mo
+$280/mo
5.7%

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: Woodway

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508 Mountain Lake Dr | Property Details | No Agent List