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$218,000

NAL Estimated Property Value

589 Gorman Dr, Jefferson, TX, 75657

$283,400 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,200 Sq Ft
price_per_sqft$216.58 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Vinyl

Building Information

Year Built1980
Garage Spaces2

Land Information

APN8382
Lot Number89,90
Land UseResidential
Legal DescriptionCOPELAND CREEK LOTS 89-90
Census Tract950300
Assessed Land Value$10,000
Assessed Improvement Value$106,430
Assessment Year2025

About this property

Welcome to your perfect getaway or next investment opportunity! Nestled just a block from the recreational area at Lake of the Pines near Crystal Cove, this 1-acre property offers privacy, space, and exclusive lake access. The main home has been elegantly renovated from top to bottom, featuring all-new sheetrock, insulation, windows, septic system, and custom cabinets. With hardwood flooring, granite countertops, and a spacious fully tiled shower, it blends modern style with comfort and you’d never know it’s a manufactured home. Plus, it’s been moved only once and is permanently affixed, making it eligible for most financing programs such as FHA, VA, & USDA. Step outside and enjoy mornings or evenings on the covered front and back porches, soaking in the peaceful surroundings. The 20x30 shop is a dream, with two bay doors and plenty of space for your boat, ATV, or workshop needs. Need extra space? A separate guest cottage +-250 SF with a loft and dedicated storage area is ready to be finished to your liking; perfect for visitors or future rental income. Only a short walk or ATV ride to the lake’s recreational area, this home is an ideal summer retreat. Just imagine the 4th of July here! The optional $100 per year HOA grants access to the boat ramp and multiple lakefront areas. The home can be purchased fully furnished, including appliances and furniture, making this a true turn-key, income-producing property. The neighboring property at 150 David St.; a 1 bed, 1 bath home on 0.49 acres—is also available and can be purchased together for added space or investment potential. Ask your real estate professional for details. Schedule your private showing today and come experience lake life at its finest!

Investor Tools

Property Icon
$218,000
Estimated Property Value
$0Estimated Mortgage Balance
$218,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$283,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,559 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$148/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$690
$116,430
2025
$10,000
$106,430
$116,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$690
$116,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$218,000
100%
0%
$0/mo

City: Jefferson

589 Gorman Dr | Property Details | No Agent List