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$1,328,631

NAL Estimated Property Value

701 N Shorewood Dr, Granite Shoals, TX, 78654

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,790 Sq Ft
price_per_sqft$810.06 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesCooktop, Dishwasher, Washer/Dryer
FlooringCarpet Free

Exterior

Exterior FeaturesBoat Slip, Outdoor Grill, Private Yard
Lot Size122 sqft

Building Information

Year Built1972
Garage Spaces1

Land Information

APN17180
Lot Number1
SubdivisionGreencastle (Sherwood Shores)
Land UseResidential
Legal DescriptionS4970 GREENCASTLE (SHERWOOD SHORES) LOT 1/2 OF 40, 41 & .045 AC OF 42 & 167 SF FILL
Census Tract960502
Assessed Land Value$706,830
Assessed Improvement Value$886,682
Assessment Year2025

About this property

If you are looking for the perfect home on Lake LBJ to create lifetime memories with your family and friends this is the place for you. This gorgeous waterfront home has been recently remodeled and features keyless entry, a security system, nest thermostat and smart outdoor lighting. This home will be sold fully furnished and ready to enjoy. Located on an open cove with 121 ft of waterfront. You have the option to relax on two covered patios and take in the beautiful sunset while watching deer graze and ducks swim. With short term rentals allowed in Granite Shoals this historically profitable VRBO opportunity would be a great investment for any buyer! The upper level is your main living area with an open floor plan with access to the upper covered patio, large master bedroom with two closets and a full bathroom with double vanities. The kitchen is an entertainers dream and boasts a large island with plenty of storage, stainless steel appliances and a large walk-in pantry. The lower level has a large bedroom with a walk-in closet, full bathroom and an open area flex space that could be used as a 2nd living room, game room or an extra sleeping space. Outside you have plenty of shade with mature trees that will keep you cool from the Texas heat. Relax in the tree swing while barbecuing in the recently added outdoor grill for and picnic space. The beautiful paved brick driveway leading to the covered two-car carport and two outdoor storage spaces are some of the extras that you will love about this home. With an electric boat lift and 3 jet ski ramps, there is lots of room to park all your fun water toys! Sit around the fire pit with family and friends and jump in the lake and float your worries away. Even your fur-babies will feel at home here roaming around the large fenced in yard. This lake house will not last long so bring your best offers before it is gone. BTW…this beautiful home did not flood or have any damage in the 2018 flood!

Investor Tools

Property Icon
$1,328,631
Estimated Property Value
$149,934Estimated Mortgage Balance
$1,178,946Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,700 /month
Positive
Cash Flow Estimate:
$2,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,902
$1,328,631
2025
$706,830
$886,682
$1,593,512
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,902
$1,328,631

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$156,800
No
First
Nov 6, 2023
Jan 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,934
$1,178,697
88%
11%
$941/mo

City: Granite Shoals

701 N Shorewood Dr | Property Details | No Agent List