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$713,451

NAL Estimated Property Value

623 Lake By Drive, Kemp, TX, 75143

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,648 Sq Ft
price_per_sqft$242.45 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2.5Bathrooms 2.5
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Tankless Water Heater
FlooringConcrete

Exterior

Exterior FeaturesStorage
Lot Size12.48 acres

Building Information

Garage Spaces4

Land Information

APN3275-0002-0260-50
Lot Number26,27
SubdivisionLake By Acres (79)
Land UseResidential
Legal DescriptionLTS 26 27 & LAKE BY ACRES #2 LTS 26 AB 470 J LOVE SUR, LAKE BY ACRES #1 LTS 26 27 & LAKE BY ACRES #2 LTS 26, 27
Census Tract950700
Assessed Land Value$14,877
Assessed Improvement Value$698,574
Assessment Year2025

About this property

Stunning modern home with farmhouse flair! Almost 14 acres with two ponds. Boasts split bedroom design with gorgeous kitchen overlooking a massive living area. This home was designed with all the amenities you expect including luxurious and private master suite. Kitchen has granite countertops, walk around island with all stainless steel appliances. There is a detached 2 car garage, a 30x40 metal shop with two rollup doors, a cattle barn, plus additional buildings as well. Back pond has electricity and pump. Ag exempt. Gorgeous sunsets, sunrises and peaceful evenings under the covered porches will make your country living dreams come true.

Investor Tools

Property Icon
$713,451
Estimated Property Value
$473,411Estimated Mortgage Balance
$240,040Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,281 /month
Positive
Cash Flow Estimate:
$1,427 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,806
$713,451
2025
$14,877
$698,574
$867,041
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,806
$713,451

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Leaderone Financial Corp
Conventional
$513,600
No
First
Mar 18, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,411
$240,040
33%
66%
$3,080/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: Kemp

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623 Lake By Drive | Property Details | No Agent List