WaterfrontSeawall, Boat Ramp, Boat Lift, Lake Front, Pier, Waterfront
MLS #38096411
Lot Size1.86 Acres
StatusActive
About 11536 Drakes Lndg
This waterfront lot in a small, quiet neighborhood just outside Frankston on Lake Palestine is exactly what you've hoped to find! Here on Cobb's Inlet, you would own 1.86 acres to water’s edge-unusual for Lake Palestine! With a cul de sac location, towering established trees & a recently built boathouse & bulkhead this is not your typical lake lot. Boathouse provides an air-conditioned room to escape from heat of the day with a sink, refrigerator & microwave for ease of entertainment. You could spend nights here as well with an air conditioned "portable bathroom" on site, which holds its own enclosed septic tank. Bonus storage room is perfect for lake toys & has a shower. Boathouse also has a one slip electric lift, a fish cleaning station, covered area for protection from the sun & rain & is perfect to fish right from the dock with wide stairs leading down to the water. The view is fantastic with a pine forest across the water. Bring your new house plans & enjoy life on the lake!
Property Details
Property Features
Listing Office:
Office Name: Staples Sotheby's International Realty
Office Phone: (903) 630-4321
Listing Agent: Dana Staples
Exterior Features
Exterior Information:
Waterfront: Seawall, Boat Ramp, Boat Lift, Lake Front, Pier, Waterfront
Frankston High School, Public District Grades 9-12
Frankston Middle School, Public District Grades 6-8
Frankston Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Tyler, take Hwy 155 S, to Left @ Midway Pkg Store on FM 2215 to stop sign. Turn left on 4117, to right on Jeb Circle. First sign is on lot designated for septic. Turn right onto Drake's Landing (through stone entrance) Second sign on waterfront lots.
Price Information
Listing Price Info
Price Summary:
List Price: $395,000
Tax Information:
Annual Amount: $567
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: HAR
MLS Number: #38096411
Listing Office:
Office Name: Staples Sotheby's International Realty
Office Phone: (903) 630-4321
Listing Agent: Dana Staples
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
Last updated on: 6/2/2024, 4:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$567
$29,230
2020
$262
$12,860
2019
$277
$12,860
2018
$276
$12,860
2017
$281
$12,860
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,039
Per Month
Principal & Interest
$1,972
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,251
Powered By
Advertisement
NMLS#3030
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
6
/10
Frankston Elementary School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades PK-5
Middle School
6
/10
Frankston Middle School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades 6-8
High School
7
/10
Frankston High School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades 9-12
Assigned Schools
6
/10
Frankston Elementary School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades PK-5
Nearby Schools
7
/10
Bullard Elementary School
2008 Panther Crossing
Distance between this listing and this school9.37 miles
Public District Grades 2-4
4
/10
Lapoynor Elementary School
13155 Hwy 175 East
Distance between this listing and this school9.89 miles
Public District Grades PK-5
Assigned Schools
6
/10
Frankston Middle School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades 6-8
Nearby Schools
6
/10
Bullard Intermediate School
218 Schoolhouse Rd
Distance between this listing and this school9.10 miles
Public District Grades 5-6
8
/10
Bullard Middle School
909 W Main St
Distance between this listing and this school9.18 miles
Public District Grades 7-8
Assigned Schools
7
/10
Frankston High School
100 W Perry St
Distance between this listing and this school2.62 miles
Public District Grades 9-12
Nearby Schools
6
/10
Bullard High School
1426 S Houston St
Distance between this listing and this school9.69 miles
Public District Grades 9-12
5
/10
Lapoynor High School
13155 Hwy 175 East
Distance between this listing and this school9.89 miles
The neighbors living near this home have an average income of $52,344. Residents of Anderson County, TX typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11536 Drakes Lndg
What is the listing price of this property?
The listing price of 11536 Drakes Lndg property is $395,000.
What type of property is this?
The property 11536 Drakes Lndg is land located in Frankston, Texas, 75763.
Is this property for sale now?
Active Listing: 11536 Drakes Lndg is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 11536 Drakes Lndg are: Frankston Elementary School: GreatSchools Rating 6/10Frankston Middle School: GreatSchools Rating 6/10Frankston High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $567 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 11536 Drakes Lndg in Frankston, TX and zip code 75763. This home sits on a 1.86 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $395,000.
In May 2024, from all listings sold in Anderson County, TX there were more than 0 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price. The number of listings in Anderson County, TX increased by 4.1% between April 2024 and May 2024. Listings spent 145 days on the market in May 2024, and had a median list price of $500,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.