311 Oak Lane
Tool, TX 75143
- 5 beds
- 5 baths
- 4,100 sqft
- ~3 acre lot
- $195 per sqft
- 1976 build
- – on site
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!
Last checked:
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Last updated Dec 3, 2024
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MLS# 20768073 —
The Building
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Year Built:1976
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Structural Style:Lake House, Single Detached, Vacation Home
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Accessibility Features:No
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Roof:Composition
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Basement:No
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Foundation Details:Slab
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Levels:Two
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Construction Materials:Siding
Interior
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Interior Features:Built-in Features, Cable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Vaulted Ceiling(s)
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Flooring:Tile, Wood
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# of Dining Areas:2
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# of Living Areas:3
Room Dimensions
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Living Area:4100.00
Location
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Directions:Use GPS
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Latitude:32.30636100
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Longitude:-96.18243500
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Parcel Number:20300007053054
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Lot Features:Many Trees, Subdivision, Water/Lake View, Waterfront
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Lot Size:3 to < 5 Acres
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Lot Size SqFt:136734.8400
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Lot Size Acres:3.1390
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Lot Size Area:3.1390
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Lot Size Units:Acres
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Restrictions:Deed
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Exterior Features:Balcony, Covered Deck, Covered Patio/Porch, Dock, Fire Pit, Outdoor Grill, RV/Boat Parking, Storage
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Waterfront:Yes
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Waterfront Features:Canal (Man Made), Dock – Uncovered, Lake Front
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:5
Baths
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Total Baths:4.10
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Total Baths:5
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Full Baths:4
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Half Baths:1
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20768073
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan(s), Central Air, Electric
Utilities
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Utilities:All Weather Road, City Sewer, Electricity Connected
Appliances
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Appliances:Dishwasher, Disposal, Electric Range, Refrigerator
Schools
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School District:Mabank ISD
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Elementary School:Southside
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Elementary School Name:Southside
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Intermediate School Name:Mabank
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High School Name:Mabank
The Community
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Subdivision Name:Arnold Hills Sub
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Pool:No
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Association Type:None
Parking
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Garage:Yes
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Attached Garage:No
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Covered Spaces:3
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Parking Features:Garage
Monthly cost estimate
Asking price
$800,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,283
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| Taxes | N/A |
| Insurance | $220 |
| Utilities | $236 See report |
| Total | $4,739/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
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Listed / Active | NTREIS | $800,000 | |
|
2/22/24
Feb 22, 2024
|
Price Changed | NTREIS | ||
|
12/4/23
Dec 4, 2023
|
Listed / Active | NTREIS |
