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$220,000

NAL Estimated Property Value

708 El Lago Dr, Grapeland, TX, 75844

$254,267 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,672 Sq Ft
price_per_sqft$119.02 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate

Exterior

Lot Size1.56 acres

Building Information

Year Built1973
Garage Spaces2

Land Information

APN056200008000000000000
Lot Number5,6
SubdivisionE W Martin S/D
Land UseResidential
Legal DescriptionE W MARTIN S/D LOTS 5 & 6 SEC 2
Census Tract950102
Assessed Land Value$14,640
Assessed Improvement Value$190,280
Assessment Year2025

About this property

SPACIOUS OLDER BRICK HOME ON MARTIN LAKE. 1.561 ACRE PROPERTY LOCATED AT THE END OF EL LAGO DRIVE. THIS PROPERTY IS AMAZING WITH LARGE SHADED GROUNDS WITH ACCESS TO THE PRIVATE LAKE FROM YOUR BACKYARD. INSIDE LARGE FAMILY ROOM WITH FIREPLACE, BUILT-INS AND NEWLY INSTALLED TILE WOOD FLOORING. OPEN KITCHEN TO THE FAMILY ROOM. AREA WITH BREAKFAST BAR AND DINING AREA. THREE BEDROOMS WITH MASTER BATH SHOWER ONLY. SECOND BATHROOM, TUB/SHOWER COMBO. GLASSED IN SUNROOM OVERLOOKING BEAUTIFUL BACKYARD AND LAKE. TWO STORAGE BUILDINGS/ SHOP AREA. THIS IS A VERY PRIVATE SETTING. TWO CAR GARAGE WITH AUTOMATIC OPENER.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$163,798Estimated Mortgage Balance
$56,202Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$254,266
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$157/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$782
$204,920
2025
$14,640
$190,280
$204,920
No

Tax History

Year
Tax Paid
Assessed Value
2025
$782
$204,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trinity Oaks Mortgage Llc
Conventional
$181,450
No
First
Apr 8, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,798
$56,202
25%
74%
$1,088/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.

Explore Texas Explore This Area
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: Grapeland

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