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Kaufman 75169 Shadow Lakes
1321 Shadow Lakes Drive
$100,000
● Land - Off Market

1321 Shadow Lakes Drive

Wills Point, TX 75169
bedrooms
Studio
bathrooms
0 Bath
$640
Est. Monthly
$50
HOA / Fees

About This Property

Premier 1.23 acre lot in Shadow Lakes, is ready to build on and an ideal location near the end of a cul de sac on Shadow Lakes Drive. This high end east TX community of Shadow lakes is just east of Terrell near I20 for easy access to DFW. 15 mins to Canton Trade Days and 40 mins to Dallas.  This community of luxury custom homes on large lots is a family friendly, resort like custom home community. Amenities include, homeowners park, two stocked fishing lakes, picnic area, playground, swimming pool, sports fields, trails and abundant wildlife and more!
Unit Size
-
Days on Market
-
Land Size
1.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$50
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (NTREIS #20975248)

Price History

Date / Event Date Event Price
Nov 25, 2025 Sold
Premium
Sold
Aug 18, 2025 In contract -
In contract
Jun 19, 2025 Listed by RE/MAX Landmark Rose $120,000
Listed by RE/MAX Landmark Rose

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,579
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SHADOW LAKES PH 1
  • Land Acres: 0000001230
  • Standard Land Use Code: 8001
  • County Land Use Code: C3
  • Legal Description 1: R12702; SHADOW LAKES PH 1, BLOCK 8, LOT 3

Neighborhood

  • School District Name: Wills Point Independent School District
  • Census Tract: 050600

Geography

  • Account Number: R77533
  • Parcel: 00.3325.0008.0003.00.99.00
  • Block: 8
  • Lot: 3
  • Municipality: WILLS POINT
  • Latitude: 32.6647
  • Longitude: -96.0974

    Address

  • Full Address: 1321 Shadow Lakes Dr
  • Address - House Number: 1321
  • Address - Street Name: Shadow Lakes
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Wills Point
  • Carrier Code: R010
  • 4-Digit Zip Code: 8863
  • Zip Code: 75169

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $54,773
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 3F KC SW P

    Appraisal Valuation

  • Valuation Date: Jan 01, 1900

    Market Valuation

  • Market Total Value: $30,000
  • Market Land Value: $30,000

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $30,000
  • Assessed Land Value: $30,000

    Sales

  • Current Sale Contract Date: Sep 21, 2007
  • Current Sale Recording Date: Sep 25, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2007-00022823
  • Previous Sale Recording Date: Apr 11, 2007
  • Previous Sale Contract Date: Apr 06, 2007
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Shadow Lakes

Stats & Trends

Median Asking:

$645,000

Sale Price/ft²

$215

Below Asking

0.03%

Average Days on Market

107

Average Home Size

3259 ft²

Average Home Age

8.2 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Elaine Fabbri, RE/MAX Landmark Rose
Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 20975248
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1321 Shadow Lakes Drive built and last sold?
The property at 1321 Shadow Lakes Drive was built in and last sold on Sep 21, 2007 for $68,000.
How much is this home worth?
The estimated value of the home located at 1321 Shadow Lakes Drive is $121,200.
What are some comparable homes to 1321 Shadow Lakes Drive?
There are currently no comparable homes to 1321 Shadow Lakes Drive.
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