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$140,000

1481 County Road 3625, Quinlan, TX, 75474

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths1,424 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.31 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating GasHeating Gas

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size1.16 acres

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN0822-MMM0-0000-56
SubdivisionPrice Rease
Land UseResidential
Legal DescriptionA0822 PRICE REASE,TRACT MMM, ACRES 1.162
Census Tract961600
Assessed Land Value$77,130
Assessed Improvement Value$42,920
Assessment Year2025

About this property

RENOVATION OPPORTUNITY ON 1 ACRE NEAR LAKE TAWAKONI! Located outside city limits, this partially remodeled home offers an opportunity for buyers looking to complete a renovation project and customize a property to their preferences. Originally built in 1968, the home has undergone improvements, including a roof replacement in 2023, partial plumbing and electrical work, the construction of an outdoor kitchen, and a primary bedroom and bathroom addition completed in 2023 on pier and beam. The interior remains unfinished, drywall removed in multiple areas, leaving exposed framing and providing access for future renovations. The property will require additional construction, repairs, and finishing work before it can be considered complete. Buyers will have the opportunity to determine the remaining improvements, layout, and finishes based on their own plans and needs. The property is conveniently located just minutes from Lake Tawakoni, with a boat ramp approximately 3 minutes away. This property may appeal to buyers seeking a renovation project, investors, or those interested in creating a customized home near the lake. Property is being sold as is!! Buyers and buyer's agent to verify all information, including utility providers, measurements and schools.

Investor Tools

$100,840Estimated Mortgage Balance
$185,160Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

Interested in this property?

Dominga Cruz

Exit Realty Pinnacle Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$264/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,737
$120,050
2025
$77,130
$42,920
$120,050
Yes (2016)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,737
$120,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jorge A Guandique
Purchase Money Mortgage
$109,000
No
First
Oct 5, 2022
Dec 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,840
$185,160
64%
35%
$654/mo

City: Quinlan

1481 County Road 3625 | Property Details | No Agent List