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Tool 75143
316 Oak Lane
$499,000
↓ $51K (9.3%)
● House - For Sale

316 Oak Lane

Tool, TX 75143
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,500 Ft²
$2,461
Est. Monthly
$10
HOA / Fees

About This Property

Perfectly positioned just off of open water, this charming 1,500 square foot lake home offers wide open water views year-round, the ideal blend of relaxed lakeside living and, convenient access to everything the area has to offer. This beautifully updated waterfront retreat is located in the highly sought-after Arnold Hills community on Cedar Creek Lake. Inside, you'll find an inviting and thoughtfully refreshed interior featuring fresh paint, new carpet upstairs, and a spacious open-concept living area anchored by a cozy brick fireplace. The stylish galley kitchen showcases shaker cabinetry and leathered granite countertops, creating a functional and attractive space for everyday living or entertaining. With two primary suites-each offering stunning water views-this home is perfectly suited for hosting guests or multigenerational living. Step outside to experience true lakefront living. Enjoy year-round relaxation on the screened porch or entertain with ease on the expansive wood deck overlooking the water. The private boathouse with party deck invites endless days of boating, fishing, and sunset gatherings, while the shaded yard with mature trees enhances the tranquil setting. Located in the desirable Arnold Hills neighborhood, residents benefit from a welcoming lakeside community known for its friendliness, charm and accessibility. Just minutes away, the vibrant dining and entertainment scenes of Tool and Seven Points offer a variety of local restaurants, marinas, and nightlife, making it easy to enjoy the best of Cedar Creek Lake living both on and off the water. Whether you're searching for a weekend getaway or a full-time residence, this lake home delivers an exceptional opportunity to own a slice of waterfront paradise in one of the lake's most desirable communities.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$333
Property Type
House
Property Taxes
-
HOA Dues
$10
Year Built
1989

Listed By

Janice Haney
Ebby Halliday Realtors - Cedar Creek Lake

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Last updated: 8 days ago (NTREIS #21228057)

Price History

Date / Event Date Event Price
Jun 18, 2026 Price Decreased $499,000
↓ $51K (9.3%)
Price Decreased
Apr 27, 2026 Price Decreased $550,000
↓ $25K (4.4%)
Price Decreased
Apr 3, 2026 Listed by Ebby Halliday Realtors $575,000
Listed by Ebby Halliday Realtors
Mar 30, 2026 No longer available -
No longer available
Jul 16, 2025 Price Decreased $599,000
↓ $20K (3.2%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Carport, Driveway, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Granite Counters, High Speed Internet, Open Floorplan, Other, Cable TV Available
Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
Flooring Type: Carpet, Laminate
Laundry Features: Electric Dryer Hookup, Full Size W/D Area, Dryer Hookup
Has Fireplace
Fireplace Features: Living Room, Wood Burning, Brick
Fireplaces: 1
Exterior Details
Square Footage: 1500
Architectural Style: Traditional
Year Built: 1989
Waterfront Features: Lake Front, Lake Front – Main Body, Retaining Wall – Steel
Levels: One and One Half
Construction Materials: Brick
Patio and Porch Features: Covered, Deck, Front Porch, Screened
Lot Features: Cul-De-Sac, Few Trees, Sloped, Waterfront, Sprinkler System, Subdivision, Water/Lake View
Lot Size Area: 0.244
Lot Size Units: Acres
Lot Size Acres: 0.244
Lot Size Square Feet: 10628.64
Lot Size Dimensions: 60 x 164 x 70 x164
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Fee Includes: Full Use of Facilities
HOA Fee: $125
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2019
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 440
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,340
  • Lot Size Depth Feet: 1,680
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,500
  • Gross Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARNOLD HILLS (369)
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LT 45 AB 841 D O WILLIAMS SUR, ARNOLD HILLS SUBD, BLK 7 LT 45, C/175

Neighborhood

  • School District Name: Mabank Independent School District
  • School Tax School District: TV
  • School Tax District Code 2: MABANK ISD
  • Census Tract: 950801

Geography

  • Assessors Map Reference: 15X
  • Account Number: R000025308
  • Parcel: 2030-0007-0450-54
  • Block: 7
  • Lot: 45
  • Municipality: CITY OF TOOL
  • Latitude: 32.3053
  • Longitude: -96.1822

    Address

  • Full Address: 316 Oak Ln
  • Address - House Number: 316
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Tool
  • Carrier Code: R005
  • 4-Digit Zip Code: 8483
  • Zip Code: 75143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,057,031
  • Tax Rate Code Area: ES4,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 473,161
  • High Value: 687,823
  • Low Value: 258,498

    Market Valuation

  • Market Total Value: $583,485
  • Market Land Value: $135,000
  • Market Improvement Value: $448,485

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $583,485
  • Assessed Land Value: $135,000
  • Assessed Improvements Value: $448,485

    Sales

  • Current Sale Contract Date: May 21, 2018
  • Current Sale Recording Date: May 21, 2018
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-00007010
  • Previous Sale Recording Date: Jul 01, 2002
  • Previous Sale Contract Date: Jul 01, 2002
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Tool


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Frequently Asked Questions

When was property at 316 Oak Lane built and last sold?
The property at 316 Oak Lane was built in 1989 and last sold on May 21, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 316 Oak Lane is $493,885.
What are some comparable homes to 316 Oak Lane?
There are currently no comparable homes to 316 Oak Lane.