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$616,310

NAL Estimated Property Value

587 Carter Lake Drive, Bowie, TX, 76230

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,672 Sq Ft
FarmFarm
price_per_sqft$230.26 / sqft
Year BuiltBuilt in 1989

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size18.46 acres

Building Information

Year Built1989

Land Information

APNR000015837
Land UseResidential
Legal DescriptionACRES: 18.460 AB 1405 R W FLOYD SURVEY
Census Tract950401
Assessed Land Value$275,050
Assessed Improvement Value$341,260
Assessment Year2025

About this property

Back on the Market after some Serious Remodeling!This cozy ranch home sits on over 18 fenced acres.Enjoy the evenings on its expansive 55' long covered front patio while catching site of deer and other wildlife.60 miles north of DFW. Minutes to Lake Amon Carter, star gazing and lake life await you. Property on well and private septic. Three RV hookups with clean-outs and power also on property.Two large metal shops-45X27 and 23X23. Small livestock shed. Rear acreage includes gorgeous array of natural rocks. Inside,settle in before your 17' wide floor to ceiling stone hearth with WBFP. Custom tray ceilings in living.Custom luxury master bath.New Paint.New Carpet.Brand New Hail Resistant Roof!

Investor Tools

Property Icon
$616,310
Estimated Property Value
$314,634Estimated Mortgage Balance
$301,676Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,698 /month
Positive
Cash Flow Estimate:
$1,233 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,058
$616,310
2025
$275,050
$341,260
$616,310
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,058
$616,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sente Mortgage Inc
Conventional
$337,565
No
First
May 8, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,634
$301,676
48%
51%
$2,132/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.

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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: Bowie

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587 Carter Lake Drive | Property Details | No Agent List