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$1,820,000

NAL Estimated Property Value

5249 Wells Drive, Possum Kingdom Lake, TX, 76450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,556 Sq Ft
price_per_sqft$508.61 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Concrete, Painted/Stained

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters, Lighting, Private Yard
Lot Size1.64 acres

Building Information

Year Built2005

Land Information

APN192090000
Lot Number15
SubdivisionPk Lake 27-2-29 Area 6-O
Land UseResidential
Legal DescriptionPK LAKE 27-2-29 AREA 6-O LOT 15 (FEE SIMPLE 1.516 AC & FERC .121 AC) G#P0500-00-060O0-015-00-0 DOCK #9010/N & #11360 #11744
Census Tract000100
Assessed Land Value$831,670
Assessed Improvement Value$654,900
Assessment Year2025

About this property

Time for Lake living. Beautifully designed 3 bedroom 3 full bath home with loft game room. 1.6+ acres with 200 feet of sandy shoreline and includes Private boat ramp. Open floorplan with 24 ft soaring stone fireplace in the living room and wall of windows that overlook the water. Kitchen is open to the dining area and living room great for gatherings with granite counter tops, stainless steel appliances and large center island. Enjoy the lake views while sitting in the screened in porch off the dining area. Chain link fenced yard and carport or gazebo with matching metal roof. Includes two slip boat dock with new lift installed in 2021. Storage unit on the dock. Private boat ramp is grandfathered and lake pump is permitted. Permits are transferable. Furniture is included. New downstairs air unit aug. 2021.

Investor Tools

Property Icon
$1,820,000
Estimated Property Value
$1,032,788Estimated Mortgage Balance
$787,212Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,920 /month
Positive
Cash Flow Estimate:
$3,640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,451
$1,486,570
2025
$831,670
$654,900
$1,486,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,451
$1,486,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Conventional
$1,120,000
No
First
May 6, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,032,788
$787,212
43%
57%
$5,187/mo

City: Possum Kingdom Lake