311 Oak Lane, Tool, TX 75143

$800,000 Asking Price

5 beds
5 baths
4,100  sqft
Built in 1976

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!

Features & Amenities

Interior

General:
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
Appliances:
Dishwasher,Electric Range,Disposal,Refrigerator
Flooring:
Tile,Wood
A/C:
true, Central Air,Ceiling Fan(s),Electric
Heating:
true, Central,Electric
Fireplace:
Fireplaces: 0

Exterior

General:
Balcony,Deck,Dock,Fire Pit,Outdoor Grill,Storage
Style:
Detached
Pool:
None
Parking:
Garage,Boat,RV Access/Parking

Construction

Roofing:
Composition
General:
2, Slab

Location

Road/Access:
All Weather Road
Originating MLS:
NTR
School District:
Mabank ISD
County:
Henderson

Lot

Zoning:
20300007053054
View:
Water, View

Utilities

Utilities:
Electricity Connected,Sewer Available,Cable Available
Sewer:
Public Sewer

Financial

Source:
NTR

This listing courtesy of:
EXP REALTY, Evan Downey

About Kemp, TX

Housing

Number of Units
8,062
Median Home Value
$126,952
Median Rent
$663

23.01% of housing units are renter occupied.

16.83% are vacant.

Commute

Car
81.96%
Public Transportation
0.03%
Walk to Work
0.08%
Work from Home
16.90%
Other
1.02%

The median travel time to work is 35 minutes.

People

Population
17,069
Median Age
41.10
Median Household Size
2.64

Education

High School
37.34%
Associate’s Degree
6.81%
Bachelor’s Degree
10.43%
Graduate Degree
4.58%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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