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$565,000

401 Lake Dr, Tool, TX, 75143

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,812 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.81 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters
Lot Size10,629 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces2

Land Information

APN2030-0001-0300-50
Lot Number29,30
SubdivisionArnold Hills (369)
Land UseResidential
Legal DescriptionAB 253 J M GARDNER SUR, ARNOLD HILLS SUBD, BLK 1 PT OF LTS 29 & 30
Census Tract950801
Assessed Land Value$188,325
Assessed Improvement Value$442,893
Assessment Year2025

About this property

Stunning 3-bedroom, 2-bath home on Cedar Creek Lake in sought-after Arnold Hills with breathtaking water views. Enjoy relaxing evenings by the outdoor fireplace while taking in the peaceful setting of the lake and surrounding trees. The top boat deck, and boat lift are new. The retaining wall has been newly redone, making every day on the water effortless. This home also offers a convenient garage plus an additional detached space that can be the perfect mother-in-law suite or a private playhouse, giving you flexibility for guests, family, or extra living needs. Step outside to a spacious extended back patio designed for unwinding, entertaining, and soaking up the natural beauty. The home features terraced landscaping and a welcoming circle drive with a beautiful entrance into a community that truly has it all, including a community boat dock, park, plus a pickleball court for fun and connection. Inside, you will find an additional living space where you could possibly enjoy your favorite book. The third bedroom makes the ideal bunk room, flex space, or cozy retreat. With its thoughtful layout, serene lake lifestyle, and room to grow, this home is a wonderful option for a second home or a comfortable retirement space where you can enjoy Cedar Creek Lake for years to come.

Investor Tools

$87,747Estimated Mortgage Balance
$388,253Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

Interested in this property?

Lynsey Grissom

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,272
$459,675
2025
$188,325
$442,893
$631,218
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,272
$459,675

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Leader One Financial Corp
Conventional
$100,000
No
First
Jul 17, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,747
$388,253
81%
18%
$600/mo

City: Tool