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$2,626,000

NAL Estimated Property Value

602 Shorewood DR, Granite Shoals, TX, 78654

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,617 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$308.84 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone

Building Information

Year Built1965
Garage Spaces2

Land Information

APN39807
Lot Number1,B
SubdivisionSherwood Downs
Land UseResidential
Legal DescriptionS7710 SHERWOOD DOWNS LOT 1-B
Census Tract960502
Assessed Land Value$1,542,772
Assessed Improvement Value$946,290
Assessment Year2025

About this property

New home located on an oversized corner lot directly across the street from Lake LBJ. 603 N Shorewood is a 3/2/2 offering views of the lake. Home was designed and built for builder's personal weekend use and is loaded with upgrades. Home features a large open concept living area and beautiful island kitchen with gas range and upgraded quartz countertops. Enjoy your time at the lake sitting on the wonderful covered porch with fireplace for those chilly nights when being outside is a must to complete the perfect day at the lake. Property owner's parks nearby offering access to Lake LBJ for launching boats, personal watercraft, fishing or swimming. Home is complete and ready for occupancy. Short term rentals are permitted, and 602 N Shorewood is a perfect candidate. Don't miss out on this one!! SELLER IS OFFERING $10000 IN BUILDER INCENTIVES TO BE USED AT BUYERS DISCRETION PLUS AN ADDITIONAL $5000 TOWARD BUYERS CLOSING COSTS IF BUILDERS PREFERRED LENDER IS USED.

Investor Tools

Property Icon
$2,626,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,626,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,756 /month
Positive
Cash Flow Estimate:
$5,252 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,856/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$45,139
$2,489,062
2025
$1,542,772
$946,290
$2,489,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$45,139
$2,489,062

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,626,000
100%
0%
$0/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: Granite Shoals

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602 Shorewood DR | Property Details | No Agent List