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Off market
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  • $261,600

    416 E Lake Drive, Taylor, TX 76574

    4beds
    1,450sqft
    SingleFamily
    Built in 1998
    0.32 Acres Lot
    $261,600 Zestimate®
    $180/sqft
    $1,927 Estimated rent

    Home value

    $261,600

    $233,000 - $290,000

    $1,927/mo

    Zestimate® history
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    $1,733/mo

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    What's special

    $130,000 / 4br-1450ft2 appx - $$$ Income Potential, FSBO(Taylor) $400 + per month cashflow. SEE all Details Below! Home is available to view by appointment only with me. Please do not disturb the tenants. CHECK OUT ALL FEATURES BELOW for better description. - Home is on large 1/3 acre lot, in town, just off the 95-hwy. Home has very GOOD tenants & neighbors in QUIET location, just across from SPJST. Current tenants have been living in home for approx 1.5 years and looking at this being their final home. Current tenants are currently trying to qualify for lending, but have also agreed to Seller Finance (BUY) this home with “you” as an interested seller/investor under the following terms: Tenant-Buyer(s) Purchase Price = $135,000 (immediate $5k resale value to investor). NO DOWN Payment by the tenant/buyer Note for 20 years @ 6.5% = P&I pymt of $1006.52 (this note pays out $106,565.00 in interest over term of the loan) - T&I (2015-most current) at $281.14 (includes a 5% reserve amt) - Total monthly pymt of $1287.66 by tenant-buyers, and tenants are currently paying this. (tenant-buyers) are aware that this pymt will adjust w.any increases in taxes or insurance annually, and will be responsible for all future maintenance or repair, thus no costs to investor/buyer): - Investors (your) monthly payment on $130k financed bank note @ 4% w. PITI is appx. $902/mth ---- this produces $385/mth cashflow to you! And this is assuming you are financing 100% of the purchase. With a 10% down pymt you will increase your cashflow to $447/mth. - Desired tenant-buyer payment is approx. $1300/mth, as tenant-buyer(s) are looking to make additional improvements to home. If these terms are unacceptable to you, the investor, please feel free to run any other ideas/numbers by me, as I’m trying to find a good fit for current tenant(s) and a good buyer-investor looking for longterm cashflow. - I am the owner, and not a distressed seller. I'm looking to find a good fit with interested long-term buyer, and I’ve moved further away, and distant owner! - You can text me at cell# five-1-two/ five-five-4 - nine-7-7-five. Feel free to call and leave msg, but a text will get faster response. Feel free to email as well @ gildog2009@gmail.com. - There is INTEREST in property already.....so NO LOW BALL OFFERS, please! No monetary commitment yet by any parties except for tenants. FEATURES: - home sits on Quiet 1/3 ACRE with fully fenced yard. And there's PLENTY of ROOM to spread out for Family Fun and or trailers/toys. -NO HOA or additional fees. And Taylor Park / POOL in walking distance from home - Home originally designed as 3 bed/ 2 bath (but garage was converted to a 4th bedroom, so now home is 4bed/2bath. And has a small workspace & utility room off the 4th bedroom. There is no garage. - Central Heat & Air runs well. (4th room uses window unit for cooling), but all ducting and vents in place to tie cooling/heating into this 4th room. Would need a larger HVAC unit…most likely an extra ½ ton would do….so system not overworked and effectively cooling/heating thoughout home. - Exterior slab concrete patio off back door…appx 8’x 8’, and fairly good size storage building at back of lot. - All appliances owned by me will be included..existing as is! LOCATION is a PLUS +: - Just minutes away from all shopping, park, & very close to schools. Also just minutes from Old downtown Taylor and Temple College. -In a Very Quiet & Secluded part of the Taylor. Plenty of privacy here, and few neighbors - just 10 min from Hutto which will give you access to more local shopping/growth and additional college - ACC. And with the tollways, you’re just 30 min from Austin, and generally 45min without the tollways. I have pics on file and will add as I have time, or will send by request. CHECK IT OUT!!! Thank you for your Interest....Todd

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Laminate, Linoleum / Vinyl
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,450 sqft

    Property

    Features
    • Exterior features: Shingle, Wood, Cement / Concrete, Composition
    Lot
    • Size: 0.32 Acres

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1998

    Community & neighborhood

    Location
    • Region: Taylor

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    6/21/2016Listing removed$130,000$90/sqft
    Source: Owner Report a problem
    3/23/2016Listed for sale$130,000$90/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 76574

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $261,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $261,600