6 months on rocket

508 Lake Dr, Tool, TX, 75143

$169,000

Home List Price

$2,007*

Closing Credit

3 Bedrooms
2 Full Baths
1,300 SqFt
$130/SqFt
House
Schools Nearby

Location

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508 Lake Dr, Tool$169,000

Buyer Closing Credits

$2,007*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Garage, Paved, Garage Faces Side
Attached Garage2 spaces
Year Built1988
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewWater
MLS #20475850
Lot Size0.45 Acres
StatusActive

About 508 Lake Dr

MOTIVATED SELLER! BRING ALL OFFERS! Single-owner home on large lot in sought-after Arnold Hills! This 3 bed, 2 bath home offers functionality and character, sitting on a spacious corner lot in one of Cedar Creek Lake’s most desirable communities. Home features newer AC unit 2016, hot water heater 2019, cedar beamed ceiling in living area, master bedroom with en-suite bath and roomy closets, cedar & hardi siding, and lots of mature shade trees. The concrete drive and large 2 car garage offer plenty of parking and storage. This home also offers lake access through Arnold Hills POA community park and boat ramp. Come and see!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 1988
  • Stories: 1
  • Living Area: 1,300 SqFt

Listing Office:

  • Office Name: McAtee Realty Of Gun Barrel TX
  • Office Phone: (903) 887-5658
  • Listing Agent: Sarah Bartlett

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Vented Exhaust Fan
  • Basement: No
  • Flooring Type: Carpet
  • Interior: Kitchen Island

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Water

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Garage, Paved, Garage Faces Side

Virtual/3D Tour

  • Virtual Tour: 508 Lake Dr

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot, Many Trees, Subdivision
  • Lot Size: 0.45 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Mabank High School, Public District Grades 9-12
  • Mabank Jr High School, Public District Grades 7-8
  • Mabank Intermediate School, Public District Grades 5-6
  • Lakeview Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: 334 to Arnold Hills Rd (2403), L at 4-Way stop to Arnold Hill Ln, straight to entrance, L on Lynn Dell, home on corner of Lynn Dell & Lake Dr. SIY

Price Information

Listing Price Info

Price Summary:

  • List Price: $169,000
  • Price Per SqFt: $130/SqFt

Tax Information:

  • Annual Amount: $227
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Tool, TX.

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Tool, TX

City

Med. List Price

$305K

Med. Price/SqFt

$201

Avg. Days On Market

93

# of Sold Homes

7

508 Lake Dr vs Tool

185 DAYS ON ROCKET

+92 Days

$169,000

-$136K Less

$130/SqFt

-$71 Less

KEY TAKEAWAY

This property is $136K less than the Median List Price and $71/SqFt less than other homes in Tool, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20475850

Listing Office:

  • Office Name: McAtee Realty Of Gun Barrel TX
  • Office Phone: (903) 887-5658
  • Listing Agent: Sarah Bartlett

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 5/16/2024, 3:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$227$111,560
2020$224$105,380
2019$222$73,900
2018$1,428$71,290
2017$1,405$69,930

History based on county public records data.

Payment Calculator

$911

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$573

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2382293
7
/10

  • Lakeview Elementary School

  • 306 Harbor Point Rd

  • 2.85 miles

  • Public District Grades KG-4

Middle School

school-card-donut-2382294
7
/10

  • Mabank Jr High School

  • 822 W Mason St

  • 5.77 miles

  • Public District Grades 7-8

school-card-donut-2382295
4
/10

  • Mabank Intermediate School

  • 513 N 3rd St

  • 6.43 miles

  • Public District Grades 5-6

High School

school-card-donut-2382296
5
/10

  • Mabank High School

  • 18786 East Hwy 175

  • 6.02 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,718. The most common annual income of people living in Tool, TX is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Lake Dr

What is the listing price of this property?

The listing price of 508 Lake Dr property is $169,000.

What type of property is this?

The property 508 Lake Dr is a house located in Tool, Texas, 75143.

Is this property for sale now?

Active Listing: 508 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 508 Lake Dr are:
Lakeview Elementary School: GreatSchools Rating 7/10
Mabank Jr High School: GreatSchools Rating 7/10
Mabank Intermediate School: GreatSchools Rating 4/10
Mabank High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $227 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 508 Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 508 Lake Dr is 1,300 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 Lake Dr is 1988.

Rocket Homes›Texas›Kaufman County›Tool›75143›508 Lake Dr

This home is located at 508 Lake Dr in Tool, TX and zip code 75143. This 1,300 square foot home, which was built in 1988, sits on a 0.45 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 13, 2023 and is currently priced at $169,000.

Between March 2024 and April 2024, Tool, TX real estate market has seen decrease in the number of listings by 2.4%. The median list price of listings available in April 2024 was $305,000, while the average time on the real estate market was 93 days.

From Rocket Homes Real Estate and based on county public records data.

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