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$784,000

$799,000

5775 Fm 2947, Quinlan, TX, 75474

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,088 Sq Ft
price_per_sqft$375.48 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave, Double Oven, Tankless Water Heater

Exterior

Private PoolPrivate Pool
Lot Size3.21 acres

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APN1157-0140-0010-50
SubdivisionWright George W
Land UseResidential
Legal DescriptionA1157 WRIGHT GEORGE W,TRACT 14-1, ACRES 3.21
Census Tract961102
Assessment Year2025

About this property

Experience luxury lake living in this stunning custom built waterfront retreat situated on 3 deeded acres plus 2 additional leaseback acres, offering privacy and space on the lake with no HOA. This exceptional home features 4 bedrooms and 3 bathrooms with thoughtful custom details throughout. The spacious primary suite is a true sanctuary with a cozy fireplace, primary bath offers a walk-in jetted tub and separate shower for ultimate relaxation. The versatile 4th bedroom includes a built in Murphy bed, making it perfect for guests, a home office, or study. Elegant crown moulding flows throughout the home, adding timeless charm and craftsmanship. The gourmet kitchen is designed to impress with unique custom touches, including beautiful leathered granite countertops, abundant cabinetry, and inviting spaces for entertaining. Step outside to your backyard oasis featuring an inground saltwater swimming pool overlooking the waterfront setting. Whether enjoying peaceful mornings by the water, entertaining family and friends, or relaxing poolside, this property offers the perfect blend of comfort, luxury, and lakefront lifestyle. Lone Oak ISD! All information is approximate, buyer and buyers agent to verify.

Investor Tools

$285,736Estimated Mortgage Balance
$506,361Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,746 /month
Positive
Cash Flow Estimate:
$1,582 /month

Interested in this property?

Kathy Hobbs

Exit Realty Pinnacle Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$597/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,215
$536,900
2025
N/A
N/A
$657,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,215
$536,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City National Bank Of Sulphur Springs
Conventional
$214,200
No
First
Oct 9, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,736
$321,264
52%
36%
$1,885/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: Quinlan

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