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$379,592

916 Kelolo Ct, Tool, TX, 75143

$493,470 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,202 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.66 / sqft

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDisposal, Gas Oven, Refrigerator, Other
FlooringTile

Exterior

Exterior FeaturesOther

Building Information

Roof Type105
Garage Spaces2

Land Information

APN3745-0000-K030-63
Lot Number2003
SubdivisionParadise Bay (2214)
Land UseResidential
Legal DescriptionLT 2003 AB 488 T S MITCHELL SUR, PARADISE BAY LT 2003
Census Tract950802
Assessed Land Value$38,250
Assessed Improvement Value$341,342
Assessment Year2025

About this property

Welcome to your waterfront oasis! Nestled in the serene beauty of Cedar Creek Lake, this cozy home offers a unique blend of comfort and income potential. One of the standout features of this property is its versatility. In addition to the main residence which is 1,786 SQFT, there's a separate building complete with AC-heat which is 416 SQFT, perfect for use as a home office, studio, or bonus room. This additional space offers endless possibilities, allowing you to tailor it to suit your specific needs and lifestyle. Indulge in your favorite beverage on the back patio, all while savoring the picturesque views of Cedar Creek Lake. The POA boat ramp is within walking distance from your home when you are ready to get your boat in the water!! The property currently caters to crafters. scrapbookers and quilters with the detached building set up for this!

Investor Tools

Property Icon
$379,592
Estimated Property Value
$185,000Estimated Mortgage Balance
$200,095Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$493,470
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,705
$379,592
2025
$38,250
$341,342
$379,592
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,705
$379,592

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$185,000
No
First
Sep 30, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,497
$200,095
52%
47%
$1,110/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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916 Kelolo Ct | Property Details | No Agent List