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1120 Royal Way, Tool, TX, 75143

$529,000

Home List Price

$6,282*

Closing Credit

3 Bedrooms
2 Full Baths
1,316 SqFt
$402/SqFt
House

Location

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1120 Royal Way, Tool$529,000

Buyer Closing Credits

$6,282*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther
Year Built1972
HeatingCentral
CoolingCentral Air
WaterfrontBoat Ramp, Boat Lift, Waterfront
MLS #20612481
Lot Size0.14 Acres
StatusActive

About 1120 Royal Way

Experience the breathtaking views of Cedar Creek Lake with this charming three-bedroom, two-bathroom home. Featuring an expansive open water frontage and a boat dock built in 2019, this property boasts a large tiered deck perfect for entertaining guests and enjoying cookouts. Take in the serene scenery from the great sitting area just steps away from the water, or relax in the enclosed porch while watching the stunning sunsets. The kitchen is spacious and equipped with plenty of cabinets and granite countertops, and seamlessly flows into the living area. The home also includes new shingles installed at the end of 2020, and an HVAC and electrical panel installed in 2016. With parking for six cars and the option for short or long-term rentals, this VRBO-friendly home also features an extra room, great for an office or bunk room. Additionally, a community boat launch located just a few homes away adds to the convenience of lake living.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Living Area: 1,316 SqFt

Listing Office:

  • Office Name: KW-Cedar Creek Lake Properties
  • Office Phone: (903) 910-3400
  • Listing Agent: Valerie Bahm

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Basement: No
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Boat Ramp, Boat Lift, Waterfront

Parking Information:

  • Parking: Other

Virtual/3D Tour

  • Virtual Tour: 1120 Royal Way
Virtual Tour

Lot Features

Lot Information:

  • Lot: Waterfront, Retaining Wall
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Malakoff High School, Public District Grades 9-12
  • Malakoff Middle School, Public District Grades 6-8
  • Tool Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Hwy 274 to Tool (R) on Royal Way follow road around curve. Property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $529,000
  • Price Per SqFt: $402/SqFt

HOA Fees:

  • Amount: $40
  • Frequency: Annually

Tax Information:

  • Annual Amount: $3,890
  • 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

$320K

Med. Price/SqFt

$213

Avg. Days On Market

111

# of Sold Homes

6

1120 Royal Way vs Tool

172 DAYS ON ROCKET

+61 Days

$529,000

+$209K More

$402/SqFt

+$188 More

KEY TAKEAWAY

This property is $209K more than the Median List Price and $188/SqFt more than other homes in Tool, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20612481

Listing Office:

  • Office Name: KW-Cedar Creek Lake Properties
  • Office Phone: (903) 910-3400
  • Listing Agent: Valerie Bahm

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: 11/5/2024, 5:20:52 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

YEARPROP. TAXASSESSMENT
2021$3,890$180,590
2020$3,809$169,420
2019$3,721$160,290
2018$3,206$137,680
2017$3,128$135,750

History based on county public records data.

Payment Calculator

$2,711

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,652

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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-1985250
7
/10

  • Tool Elementary School

  • 1201 S Tool Dr

  • 1.36 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1985251
7
/10

  • Malakoff Middle School

  • 106 N Cedar St

  • 13.53 miles

  • Public District Grades 6-8

High School

school-card-donut-1985252
4
/10

  • Malakoff High School

  • 15201 Fm 3062

  • 11.90 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. Most Tool, TX residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1120 Royal Way

What is the listing price of this property?

The listing price of 1120 Royal Way property is $529,000.

What type of property is this?

The property 1120 Royal Way is a house located in Tool, Texas, 75143.

Is this property for sale now?

Active Listing: 1120 Royal Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1120 Royal Way are:
Tool Elementary School: GreatSchools Rating 7/10
Malakoff Middle School: GreatSchools Rating 7/10
Malakoff High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,890 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1120 Royal Way has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1120 Royal Way is 1,316 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1120 Royal Way is 1972.

Rocket Homes›Texas›Kaufman County›Tool›75143›1120 Royal Way

This home is located at 1120 Royal Way in Tool, TX and zip code 75143. This 1,316 square foot home, which was built in 1972, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $529,000.

The number of homes for sale in Tool, TX increased by 2.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $320,000, while the average time on the real estate market was 111 days.

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

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