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$85,000

156 Van Horn Street, Mabank, TX, 75156

$110,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$58.38 / sqft

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Vented Exhaust Fan

Exterior

Exterior FeaturesOther
Lot Size1 sqft

Land Information

APN2390-0005-9220-30
Lot Number922
SubdivisionCherokee Shores (4509)
Land UseVacant Land
Legal DescriptionLT 922 AB 132 G CHOVANNO SUR, CHEROKEE SHORES, SEC E LT 922, D/24
Census Tract950904
Assessed Land Value$9,500
Assessment Year2025

About this property

Doublewide Mobile Home with Lake Views & Strong Renovation Potential on Cedar Creek Lake This doublewide offers an excellent opportunity for someone ready to put in the work and create a customized retreat near the lake at a fraction of the cost of new construction. The home features a large wood deck that wraps approximately halfway around the structure, providing a spacious outdoor living area perfect for relaxing and taking in views of Cedar Creek Lake. Located on a paved road and very close to the community boat ramp, the property delivers convenient lake access. While the home needs significant renovation, it presents a solid project for a handy owner looking to complete their dream home. Note that the home has been relocated multiple times. Ideal for buyers seeking a value-driven lakeside project with room to personalize.

Investor Tools

$19,580Estimated Mortgage Balance
$9,500Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$110,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$510 /month
Positive
Cash Flow Estimate:
$170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$15/month
$299/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$133
$9,500
2025
$9,500
N/A
$9,500
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$133
$9,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Apesdemm Inc
Commercial
$20,545
No
First
Mar 22, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$19,580
N/A
0%
206%
$124/mo

City: Mabank

156 Van Horn Street | Property Details | No Agent List