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$185,000

1901 Elm Dr, Kemp, TX, 75143

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.14 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size13,939 sqft

Building Information

Year Built1993
Roof Type105
Garage Spaces3

Land Information

APN2360-0002-0010-85
Lot Number1-2,LT
SubdivisionCedar Knolls (142)
Land UseResidential
Legal DescriptionAB 142 G G COLE SUR, CEDAR KNOLLS SUBD #1, BLK B LT 1-2, C/95
Census Tract950700
Assessed Land Value$6,000
Assessed Improvement Value$41,166
Assessment Year2025

About this property

Fully renovated 3-bedroom, 2-bath home with detached garage, workshop, second lot and separate building near Cedar Creek Lake. This updated home features 1,216 square feet of move-in-ready living space just minutes from the lake. Situated on a fully fenced homesite and including an additional fully fenced lot, the property provides modern updates, extra space and flexibility. Extensive renovations include new subflooring, updated faux wood flooring, new vinyl flooring in the bathrooms, new carpet, fresh paint throughout, updated wall textures, new interior and exterior doors, new hardware, modern lighting, ceiling fans, residential-style electrical outlets, smoke detectors, and a complete central heating and air conditioning system. The remodeled kitchen includes updated cabinetry, wood countertops, a stainless-steel sink, new faucet, custom pantry with shelving, bar seating, and a vent hood over the stove. Both bathrooms have been tastefully updated with new vanities, mirrors, toilets, fixtures, and tile-surround showers extending to the ceiling. Additional improvements include updated closet shelving and storage throughout the home. Outside, you'll find low-maintenance vinyl siding, a durable metal roof, a welcoming front deck and a large covered back patio. The detached approximately 20x30 garage provides ample parking, storage and workspace, along with a dedicated workshop area. The additional fully fenced lot includes a separate enclosed building that can be used for storage, hobbies, a workshop, studio, home office or future customization. With plenty of room for boats, trailers, recreational vehicles and other outdoor equipment, this property provides space to enjoy the nearby lake lifestyle while still having room to spread out.

Investor Tools

Property Icon
$107,000
Estimated Property Value
$0Estimated Mortgage Balance
$107,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Steve Koleno

Beycome Brokerage Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$763
$47,166
2025
$6,000
$41,166
$47,166
No

Tax History

Year
Tax Paid
Assessed Value
2025
$763
$47,166

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$107,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kemp

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1901 Elm Dr | Property Details | No Agent List