Homes for sale - 311 Oak Lane, Tool, TX 75143

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Tom Maher

tommaherrealtor@gmail.com +1(254) 228-9800

$ 800,000

Est. payment | -/mo

5 Beds

5 Baths

4,100 SqFt

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$ 800,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

5 Baths

4,100 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,100 sqft

Price per Sqft $195

Subdivision Arnold Hills Sub

MLS Listing ID 20768073

Bedrooms 5

Full Baths 4

Half Baths 1

HOA Y/N None

Year Built 1976

Lot Size 3.139 Acres

Acres 3.139

Property Description

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!

Location

State TX

County Henderson

Direction Use GPS

Rooms

Dining Room 2

Interior

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)

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Tile, Wood

Appliance Dishwasher, Disposal, Electric Range, Refrigerator

Heat Source Central, Electric

Exterior

Exterior Feature Balcony, Covered Deck, Covered Patio/Porch, Dock, Fire Pit, Outdoor Grill, RV/Boat Parking, Storage

Utilities Available All Weather Road, City Sewer, Electricity Connected

Waterfront Description Canal (Man Made),Dock – Uncovered,Lake Front

Roof Type Composition

Total Parking Spaces 3

Garage Yes

Building

Lot Description Many Trees, Subdivision, Water/Lake View, Waterfront

Story Two

Foundation Slab

Level or Stories Two

Structure Type Siding

Schools

Elementary Schools Southside

High Schools Mabank

School District Mabank Isd

Others

Restrictions Deed

Ownership See Tax Record

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Evan Downey • EXP REALTY

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(254) 228-9800

tommaherrealtor@gmail.com

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