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$45,000

935 Blue Heron Way Lot 16, Kerens, TX, 75144

On MarketInfo
Baths0 Bath
Baths128 Sq Ft
Year BuiltBuilt in 2012

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesRV Hookup, Storage
Lot Size2,091 sqft

Land Information

APN56241
Lot Number16
SubdivisionPelican Isle
Land UseResidential
Legal DescriptionP0215 PELICAN ISLE BLK 1 LOT 16 .048 ACRES
Census Tract970600
Assessed Land Value$27,300
Assessed Improvement Value$1,740
Assessment Year2025

About this property

Get ready for easy lake life in Pelican Isle, a lakeside RV resort community on beautiful Richland-Chambers Lake! This improved Lot 16 at 935 Blue Heron Way in Kerens offers a fun and convenient setup for weekend getaways, lake days, or your own recreational retreat. The lot is cleared, partially fenced, and already equipped with installed utilities, including connected electricity, co-op water, private sewer, and underground utilities, giving you a great head start on enjoying the property. A storage building provides space for lake gear, tools, outdoor furniture, fishing supplies, or weekend essentials, while the open grassy lot offers room to relax and make the space your own. Located on an interior lot with private asphalt road access, this property is tucked inside a community designed for low-maintenance enjoyment near the water. Pelican Isle brings the fun with an impressive list of amenities, including a boat ramp, community dock, clubhouse, community pool, laundry facilities, fishing areas, park, playground, gated access, and RV parking. Spend your days boating, fishing, swimming, visiting with neighbors, or simply soaking up the laid-back lake atmosphere. With Richland-Chambers Lake just moments away, this is a great opportunity to own an affordable piece of lake-area living in Navarro County. Whether you are looking for a weekend escape, recreational basecamp, or investment opportunity, this Pelican Isle lot is ready for your next chapter at the lake! Exciting news, the lot right next to it, Lot 17 (MLS # 21307784) is also currently available. So snatch up both of them for twice the lake life leisure!

Investor Tools

Property Icon
$82,000
Estimated Property Value
$0Estimated Mortgage Balance
$77,301Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$492 /month
Positive
Cash Flow Estimate:
$164 /month

Interested in this property?

Julie Teel

RE/MAX Lakeside Dreams

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$57/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$274
$20,952
2025
$27,300
$1,740
$29,040
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$274
$20,952

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tony Cusenza
Unknown
$6,300
No
First
Nov 13, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,699
$77,301
94%
6%
$38/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: Kerens

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935 Blue Heron Way Lot 16 | Property Details | No Agent List