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$454,497

NAL Estimated Property Value

721 Old Mill Lane, East Tawakoni, TX, 75472

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,720 Sq Ft
price_per_sqft$284.3 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Plumbed For Ice Maker, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size27,443 sqft

Building Information

Year Built1974
Garage Spaces4

Land Information

APN9447
Lot Number24,25
Land UseResidential
Legal DescriptionA0229 TOLLETT MARGARET SURVEY; (WF) WHISPERING OAKS LOT 24 & 25 & HOUSE .630 ACRES
Census Tract950200
Assessed Land Value$171,353
Assessed Improvement Value$283,144
Assessment Year2025

About this property

Here it is.... enjoy the sunsets from this amazing lakefront property that has it all! This is on wide open water with a 1080 sq-ft lighted dock,fish cleaning station. Beautiful property is .63 acres of space with approx an acre of leaseback This very functional home has two living areas one with lakeview, large dining area, kitchen is nicely updated. Master has lakeview. Turn on your dock lights from the amazing outdoor gazebo deck area that is well thought out and is perfect for you outdoor living. Huge 1500 sq-ft shop with tandem doors and a man cave with an awesome bar. Second 700 sq-ft open shop perfect to park the boat and skis also has a guest area. Cozy front deck. So much more to this property!

Investor Tools

Property Icon
$454,497
Estimated Property Value
$22,212Estimated Mortgage Balance
$432,285Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$860/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,049
$454,497
2025
$171,353
$283,144
$454,497
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,049
$454,497

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The American National Bank Of Texas
Credit Line (Revolving) / Heloc
$24,900
No
First
Oct 28, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$22,212
$432,285
95%
5%
$150/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: East Tawakoni

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721 Old Mill Lane | Property Details | No Agent List