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$1,572,332

NAL Estimated Property Value

823 Heather Woods Dr, Tool, TX, 75143

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$525 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Convection Oven

Exterior

Exterior FeaturesBoat Slip

Building Information

Year Built1994
Roof Type105
Garage Spaces2

Land Information

APN2967-0001-0870-63
Lot Number87
SubdivisionHeather Woods Iii (22)
Land UseResidential
Legal DescriptionLT 87 AB 659 N G RUSSELL SUR, HEATHER WOODS III, BLK A LT 87, D/175
Census Tract950801
Assessed Land Value$294,000
Assessed Improvement Value$1,278,332
Assessment Year2025

About this property

Find the very best of Cedar Creek Lake in the gated Heather Woods neighborhood on the west side of the lake. Designer kitchen features an oversized island, KitchenAid induction five burner cooktop and double oven, and built-in KitchenAid refrigerator (ice maker and two drawer fridge). Gorgeous views of open water, protected from south wind & western sun exposure + 10-12 feet of water at the boathouse. This generous space allows flexibility for entertaining and hosting a large group or multiple families. The sq ft is efficiently distributed across two levels. 2021 construction TREX composite boathouse with custom-cradle lift for large ski boat, personal watercraft lift, and party deck with steel pipe supports and railing. Whole house water filtration system helps ensure clean drinking water and protects ice makers. This house has exceptional storage space as well, which is not the case in some lake houses. New corrugated steel retaining wall with concrete bulkhead (2024), new sidewalk leading from boathouse, and new backyard elevated deck (2024).

Investor Tools

Property Icon
$1,572,332
Estimated Property Value
$0Estimated Mortgage Balance
$1,572,332Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,941/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,431
$1,572,332
2025
$294,000
$1,278,332
$1,572,332
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,431
$1,572,332

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,572,332
100%
0%
$0/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: Tool

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823 Heather Woods Dr | Property Details | No Agent List