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311 Oak Ln, Tool, TX, 75143

$800,000

Home List Price

$9,500*

Closing Credit

5 Bedrooms
4 Full Baths, 1 Partial
4,100 SqFt
$195/SqFt
House

Location

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311 Oak Ln, Tool$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage, Boat, RV Access/Parking
Year Built1976
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontDock, Boat Slip, Canal, Lake Front, Waterfront
MLS #20768073
Lot Size3.14 Acres
StatusActive

About 311 Oak Ln

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 1976
  • Living Area: 4,100 SqFt

Listing Office:

  • Office Name: EXP REALTY
  • Office Phone: (214) 997-4929
  • Listing Agent: Evan Downey

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator
  • Basement: No
  • Flooring Type: Tile, Wood
  • Interior: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Cable TV, Vaulted Ceiling(s), Wired for Sound

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Dock, Boat Slip, Canal, Lake Front, Waterfront
  • Exterior: Balcony, Deck, Dock, Fire Pit, Outdoor Grill, Storage

Parking Information:

  • Attached Garage: No
  • Parking: Garage, Boat, RV Access/Parking

Virtual/3D Tour

  • Virtual Tour: 311 Oak Ln
Virtual Tour

Lot Features

Lot Information:

  • Lot: Many Trees, Subdivision, Waterfront
  • Lot Size: 3.14 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $195/SqFt

Tax Information:

  • Annual Amount: $2,521
  • 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

311 Oak Ln vs Tool

8 DAYS ON ROCKET

-103 Days

$800,000

+$480K More

$195/SqFt

-$19 Less

KEY TAKEAWAY

This property is $480K more than the Median List Price and $19/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: #20768073

Listing Office:

  • Office Name: EXP REALTY
  • Office Phone: (214) 997-4929
  • Listing Agent: Evan Downey

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: 11/17/2024, 4:20:54 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$2,521$242,830
2020 - $206,750
2019 - $193,670
2018$4,225$169,420
2017$4,107$166,310

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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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.

Nearby Schools

school-card-donut-486962
7
/10

  • Tool Elementary School

  • 1201 S Tool Dr

  • 2.62 miles

  • Public District Grades PK-5

school-card-donut-486963
7
/10

  • Lakeview Elementary School

  • 306 Harbor Point Rd

  • 3.02 miles

  • Public District Grades KG-4

school-card-donut-486964
5
/10

  • Southside Elementary School

  • 109 Paschall Blvd

  • 4.67 miles

  • Public District Grades PK-4

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 most common type of family is 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 311 Oak Ln

What is the listing price of this property?

The listing price of 311 Oak Ln property is $800,000.

What type of property is this?

The property 311 Oak Ln is a house located in Tool, Texas, 75143.

Is this property for sale now?

Active Listing: 311 Oak Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,521 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 311 Oak Ln has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 311 Oak Ln is 4,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 311 Oak Ln is 1976.

Rocket Homes›Texas›Kaufman County›Tool›75143›311 Oak Ln

This home is located at 311 Oak Ln in Tool, TX and zip code 75143. This 4,100 square foot home, which was built in 1976, sits on a 3.14 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $800,000.

The number of listings 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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