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$110,000

612 Legendary Ln, Gun Barrel City, TX, 75156

$143,000 ARVInfo
PendingInfo
Beds2 Beds
Baths2 Bath
Baths1,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$73.53 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesNone

Exterior

Lot Size9,583 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN0696-0020-0D00-50
SubdivisionAb 0696 H M Strode Sur
Land UseResidential
Legal DescriptionTRODE SUR AB 696 H M STRODE SUR, TR 2D (LIFE EST:SHIRLEY E ZIMMERMAN)
Census Tract950603
Assessed Land Value$110,250
Assessed Improvement Value$39,398
Assessment Year2025

About this property

Welcome to 612 Legendary Lane, a canal front property in Gun Barrel City, Texas, offering direct water access on a 0.22 acre lot in the Cedar Creek Lake area, zoned to Mabank Independent School District. The existing home was built in 1970 and offers 1,496 square feet, giving buyers and investors a rare chance to secure a true waterfront lot at an accessible price point. This property needs significant work, making it an ideal project for renovators, builders, or investors ready to capitalize on canal front real estate. Cedar Creek Lake spans more than 32,000 acres with 320 miles of shoreline and is one of the few lakes in Northeast Texas that allows private waterfront ownership, including boathouses. Whether the plan is a full remodel or a rebuild, this property offers direct canal access, boating potential, and a foothold in the growing Gun Barrel City lake market.

Investor Tools

$0Estimated Mortgage Balance
$153,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$143,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$67/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$40
$47,562
2025
$110,250
$39,398
$149,648
No

Tax History

Year
Tax Paid
Assessed Value
2025
$40
$47,562

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$153,000
100%
0%
$0/mo

City: Gun Barrel City

612 Legendary Ln | Property Details | No Agent List