$800,000
For Sale

311 Oak Lane

Tool, TX 75143
4100 sqft | 5 beds | 4.5 baths | 3.14 acres | #20768073
Type:Purchase
Structure:House
Zone:Residential

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
      • InteriorBuilt-in Features, Cable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High S
      • Exterior MaterialsBalcony, Covered Deck, Covered Patio/Porch, Dock, Fire Pit, Outdoor Grill, RV/Boat Parking, Storage
      • Lot DescriptionMany Trees, Subdivision, Water/Lake View, Waterfront
      • Utility FeaturesAll Weather Road, City Sewer, Electricity Connected
      • Property SubtypeSingle Family Residence
      • SubdivisionArnold Hills Sub
      • School DistrictMabank ISD
      • Elementary SchoolSouthside
      • CountyHenderson
      • Property TypePurchase
      • MLS #20768073
      • MLS #20768073
      • Square Feet4100.00
      • Acres3.1390
      • Cost800000
      • Year Built1976
      • FoundationSlab
      • Bathrooms4.5
      • Bedrooms5
      • Full Baths4
      • Half Baths1

Location

David Bush RealtorsReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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
$0.00
Loan Amount
$0.00