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A+
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$273,000

717 Midway Rd, Tool, TX, 75143

SoldInfo
7/30/26
Beds2 Beds
Baths2 Bath
Baths1,386 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$33.91 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesOther

Building Information

Year Built1967
Roof Type105
Garage Spaces1

Land Information

APN3745-0000-1440-63
Lot Number144,LT
SubdivisionParadise Bay (2214)
Land UseResidential
Legal DescriptionLT 144-R AB 660 N G RUSSELL SUR, PARADISE BAY LT 144-R, A/300
Census Tract950802
Assessed Land Value$56,250
Assessed Improvement Value$167,832
Assessment Year2025

About this property

Fire damaged property in the Paradise Bay community near Cedar Creek Lake. This 2 bedroom, 2 bath home offers approximately 1,386 square feet and sits in a lake area setting with POA amenities and nearby water access. Property will require repairs and is best suited for investors, contractors, or buyers looking for a renovation opportunity. Strong potential as a future lake retreat, rental, resale project, or long term hold. Buyer and buyer agent to verify condition, repair scope, utilities, POA dues and restrictions, MUD, waterfront status, survey, measurements, tax information, and all information important to buyer.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$181,184Estimated Mortgage Balance
$106,921Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,943
$224,082
2025
$56,250
$167,832
$224,082
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,943
$224,082

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$181,184
No
First
Feb 17, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,389
$87,611
34%
61%
$1,087/mo

Learn About the Market: Opportunity in Texas

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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: Tool

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717 Midway Rd | Property Details | No Agent List