311 Oak Lane

Tool, TX 75143
$800,000
4100 sqft | 5 beds | 4.5 baths | 3.14 acres | #20768073
For Sale

Description

Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! This rare property on Cedar Creek Lake consists of 12 lots that comprise 3+ gorgeous acres of a beautiful lake community (only voluntary HOA) with lots of trees for added seclusion. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!

  • Property Details
      • Interior:Built-in Features, Cable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High S
      • Bedrooms:5
      • Bathrooms:4.5
      • Full Baths:4
      • Half Baths:1
      • Lot description:Many Trees, Subdivision, Water/Lake View, Waterfront
      • Exterior materials:Balcony, Covered Deck, Covered Patio/Porch, Dock, Fire Pit, Outdoor Grill, RV/Boat Parking, Storage
      • Acres:3.1390
      • Square Feet:4100.00
      • Property type:Purchase
      • Year built:1976
      • Foundation:Slab
      • Utility features:All Weather Road, City Sewer, Electricity Connected
      • Subdivision:Arnold Hills Sub
      • School district:Mabank ISD
      • Elementary School:Southside
      • County:Henderson
      • MLS #:20768073
      • Cost:800000
      • Property subtype:Single Family Residence
      • MLS #:20768073

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© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anchor Home Team shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

Last Updated: . Source: NTREIS

Listing Courtesy
Listing Agent: Evan Downey
Listing Office: EXP REALTY

Anchor Home TeamReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anchor Home Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright