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$230,000

$249,900

514 W Lake Dr, Hamlin, TX, 79520

On MarketInfo
Price DropInfo
Beds5 Beds
Baths2 Bath
Baths3,238 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$71.03 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Gas Cooktop, Gas Oven, Gas Water Heater, Refrigerator
FlooringBrick, Carpet, Vinyl, Wood

Exterior

Lot Size19,297 sqft

Building Information

Year Built1985
Garage Spaces1

Land Information

APN26586
Lot NumberS
Land UseResidential
Legal DescriptionMOORES LAKE DRIVE HAMLIN BLK 1 LOT S 135.80 OF 4 & ALL OF 5
Census Tract020300
Assessed Land Value$8,400
Assessed Improvement Value$270,030
Assessment Year2025

About this property

Motivated Sellers! Seller is offering $15,000 in flexible buyer concessions. Located on prestigious West Lake Drive. Hamlin’s iconic Main Street and the true heart of the community. Step inside to an impressive large dining room ready for memorable meals and celebrations and a spacious living area that is perfect for a large or growing family. The living also offers a stunning rock, wood burning, fireplace that can serve as a true centerpiece for gatherings or simply a place to unwind in the evenings. This delightful home is filled with massive windows throughout, flooding every room with abundant natural light and offering beautiful views. The expansive back windows perfectly frame the covered porch and spacious backyard. A blank canvas full of potential waiting for your personal touch and some TLC. This inviting 5 bedroom 2 bathroom home offers 3,128 sq feet of versatile spaces. Including a large converted garage that can function as a bedroom, man cave, den, or playroom. Enjoy the flexibility of a primary bedroom and bath directly connected to a large bonus room that can easily serve as a home office, extra bedroom, or private retreat. Additional highlights include an easily accessible driveway, an attached carport, and a separate private detached garage, giving you excellent parking and storage options. If you are looking for a spacious home with versatility in Hamlin TX, this is the one.

Investor Tools

$0Estimated Mortgage Balance
$278,430Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,671 /month
Positive
Cash Flow Estimate:
$557 /month

Interested in this property?

Ryne Lucas

Ekdahl Real Estate ABILENE OFFICE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$753/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,647
$278,430
2025
$8,400
$270,030
$278,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,647
$278,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$278,430
100%
0%
$0/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: Hamlin

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514 W Lake Dr | Property Details | No Agent List