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$299,900

115 Shoreline Dr, Mabank, TX, 75156

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,008 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$297.52 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesElectric Range

Exterior

Lot Size6,909 sqft

Building Information

Year Built1973
Garage Spaces2

Land Information

APN3400-0001-0200-30 01
Lot Number20
SubdivisionLundy Land #2 (55)
Land UseMobile Home
Legal DescriptionLT 20 AB 485 I V MICHELLI SUR, LUNDAY LAND ADDN #2 BLK 1 LT 20, 6/67
Census Tract950904
Assessed Land Value$317,250
Assessed Improvement Value$26,651
Assessment Year2025

About this property

Exceptional lakefront redevelopment opportunity at the tip of the point with approximately 142 feet of waterfront per HCAD. This unique property includes one lot in Lundy Land and one in Cherokee Shores, offering access to amenities and community parks in both neighborhoods. Set along an open-water section of Lunday Land #2, the elevated hilltop setting features expansive lake views, sandy natural shoreline, mature oak trees, and a peaceful, private feel. Adjacent community park property includes a boat ramp. The property includes two existing mobile structures, one lakeside and one streetside, being offered as-is for renovation or redevelopment purposes. Additional improvements include a 2-car carport with concrete pad, storage buildings, and an existing older boat dock and pier. Two separate entrances provide added flexibility, including a rural unpaved entrance from Lundy Land and a paved hilltop entrance through Cherokee Shores. A rare opportunity to create a custom lake retreat, investment property, or waterfront redevelopment in a beautiful open-water setting. No survey available.

Investor Tools

$0Estimated Mortgage Balance
$190,955Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,659/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,955
$190,955
2025
$317,250
$26,651
$343,901
Yes (2012)

Tax History

Year
Tax Paid
Assessed Value
2024
$18,955
$190,955

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$190,955
100%
0%
$0/mo

City: Mabank

115 Shoreline Dr | Property Details | No Agent List