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$514,710

NAL Estimated Property Value

515 Gravel Dr, Burnet, TX, 78611

$669,123 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,570 Sq Ft
price_per_sqft$174.71 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesConvection Oven, Dryer, Dishwasher, Energy Star Qualified Appliances, Energy Star Qualified Dishwasher, Energy Star Qualified Refrigerator, Energy Star Qualified Water Heater, Exhaust Fan, Electric Oven, Electric Range, Free Standing Electric Oven, Free Standing Electric Range, Freezer, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Stainless Steel Appliances, Water Heater, Washer
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesBalcony, Exterior Steps, Lighting, Private Entrance, Private Yard, See Remarks, Fire Pit
Lot Size16,204 sqft

Building Information

Year Built2023
Garage Spaces5

Land Information

APN10749
Lot Number824,825
SubdivisionCouncil Creek
Land UseSingle Family Residence
Legal DescriptionS3850 COUNCIL CREEK LOT 824, 825 & 826 BLK 3
Census Tract960401
Assessed Land Value$4,050
Assessed Improvement Value$510,660
Assessment Year2025

About this property

Embrace the lake lover's dream in this vibrant property, perfectly positioned to capture stunning lake views and nestled in a rapidly appreciating up-and-coming neighborhood. With elegant cedar accents and robust beams, this home has a rustic charm while offering modern comforts. Both levels of the home feature composite decking, allowing for a picturesque view of the serene waters and vibrant sunsets. The downstairs area is a testament to luxury living, with two beautiful bedrooms offering tranquil retreats. The separate living area is spacious and inviting, perfect for both entertaining and quiet relaxation, combining style, and functionality seamlessly. The property’s crown jewel is its oversized shop/garage, a haven for those who need ample vehicle storage. This feature, along with the roomy custom cedar carport, is tailor-made to accommodate everything from boats to large trucks, showcasing the property's functionality and style. The expansive backyard deck is an idyllic spot for unwinding at the end of the day, offering an unrivaled outdoor experience. This deck, alongside the thoughtful extra-wide staircase offers separation of the downstairs area from the upstairs master suite and kitchen, ensuring privacy and tranquility within the home.The property’s true potential leaves room for expansion with the added bonus of the lot next door Currently unused with an electronic gate, fully fenced in, can be used for extra parking, this lot offers immense possibilities, including the potential to build another home or shop, adding significant value and flexibility. This is a rare opportunity to invest at a time when prices are still approachable. The anticipation of rising water levels and corresponding property values, this property is not just a home but an investment. Take advantage of this unique chance to own a piece of paradise before prices escalate. Lake lover's dream and Airbnb potential!

Investor Tools

Property Icon
$514,710
Estimated Property Value
$503,596Estimated Mortgage Balance
$11,914Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$669,123
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,088 /month
Positive
Cash Flow Estimate:
$1,029 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,274
$514,710
2025
$4,050
$510,660
$514,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,274
$514,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$426,550
No
First
Apr 19, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,596
$11,114
2%
98%
$3,114/mo

City: Burnet