NOT LISTED FOR SALE

2578 Groves Dr Tool, TX 75143

Estimated Value: $2,347,952 - $3,048,000

5 Beds
6 Baths
4,722 Sq Ft
$581/Sq Ft Est. Value

Last Sold October 16, 2024

Current estimated payment $18,456/month

93 Days on Market

Highlights

  • Lake Front
  • Boat Slip
  • Gated Community
  • Docks
  • New Construction
  • Open Floorplan

About This Home

As of October 2024

Exquisite model home with 1000 + sq ft composite boat house now complete! The Groves at Cedar Creek Lake is a new 23 acre luxury gated waterfront community with deep water, fabulous water views and gorgeous sunrises. Built on one of the premier lots with cove protection, open water views and approx. 177 ft of waterfront at the wall. The finish out of this home is absolutely stunning and selected with ease of maintenance and durability in mind. Bonus room plus game room and built in bunk room! Lifetime warranty white oak engineered wood floor, Vadara quartz honed counter tops, custom cabinetry, Jenn Air appliances, and more. The spacious covered patio with outdoor kitchen, fireplace and heaters offer year round outdoor living. Plenty of room for a pool. Includes grass, landscaping, sprinkler system. Second home under construction with estimated completion September 2024. Lots available starting at 525K and more homes available starting at 1.8 million. New photos and website coming soon!

Last Agent to Sell the Property

Debbie French

Ebby Halliday Realtors Brokerage Phone: 903-340-8590 License #0529891 Listed on: 05/21/2024

Ebby Halliday Realtors

Last Buyer's Agent

Michele Balady Beach

Compass RE Texas, LLC. License #0438585

Compass RE Texas, LLC.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.63 Acre Lot
  • Lake Front
  • Stone Retaining Walls
  • Lawn
  • Back Yard

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Multiple Garage Doors
  • Driveway

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 4,722 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Laundry in Utility Room

Kitchen

  • Electric Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Boat Slip
  • Docks
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Outdoor Gas Grill

Schools

  • Malakoff Elementary And Middle School
  • Malakoff High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 200003994

Community Details

Overview

  • Association fees include all facilities
  • The Groves At Cedar Creek Lake Association
  • The Groves At Cedar Creek Lake Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$200 per month

Parking

3

Listing Details

  • OWNERNAME: Groves at Cedar Creek, LLC
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Unit Levels: Two
  • Year Built Details: New Construction - Complete
  • Water Body Name: Cedar Creek
  • Attribution Contact: 903-340-8590
  • Co List Office Mls Id: EBBY76
  • Structure Type: House
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48213:200003994
  • Special Features: 4098
  • Year Built: 2024

Interior Features

  • Square Footage: 4722.0
  • Fireplace Features: Living Room, Outside
  • Interior Amenities: Built-in Features, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Flooring: Ceramic Tile, Hardwood, Tile
  • Appliances: Dishwasher, Electric Oven, Disposal, Ice Maker, Microwave, Range, Refrigerator, Some Commercial Grade
  • Basement YN: No
  • Fireplaces: 2

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Slab
  • Community Features: Gated
  • Roof: Metal
  • Construction Materials: Rock, Stone
  • Exterior Features: Boat Slip, Dock, Gas Grill, Outdoor Grill, Outdoor Kitchen
  • Pool Features: None
  • Waterfront: Yes
  • Patio And Porch Features: Rear Porch, Covered

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Garage Spaces: 3.0
  • Total Covered Spaces: 3.0
  • Parking Features: Attached Carport, Concrete, Door-Multi, Door-Single, Driveway
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric, Fireplace(s)
  • LaundryFeatures: Laundry in Utility Room
  • Utilities: Municipal Utilities, Sewer Available, Water Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: All Facilities
  • Association Fee: 2400.0
  • Association Fee Frequency: Annually
  • Association Name: The Groves at Cedar Creek Lake

Schools

  • Elementary School: Malakoff
  • High School: Malakoff
  • Junior High Dist: Malakoff ISD

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Features: Back Yard, Lawn, Waterfront, Retaining Wall
  • Lot Size Units: Acres
  • Lot Size Area: 0.629
  • Parcel Number: 200003994
  • Lot Size Acres: 0.629
  • Lot Size Sq Ft: 27399.24

Building Info

  • Year Built: 2024

Tax Info

  • Tax Lot: 11

Multi Family

  • WaterfrontFeatures: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Front, Waterfront

MLS Schools

  • MiddleOrJuniorSchool: Malakoff

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Oct 16, 2024
Sold by
Construction At The Groves Llc
Bought by
Kavanaugh Family Trust and Kavanaugh
Seller's Agent
Debbie French
Ebby Halliday Realtors
Buyer's Agent
Michele Balady Beach
Compass RE Texas, LLC.
List Price
$2,800,000
Views
5
Current Estimated Value
$2,743,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.69%
Original Mortgage
$2,250,000
Outstanding Balance
$2,224,851
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$518,887

Purchase Details

Closed on
Jan 19, 2024
Sold by
Groves Cedar Creek Llc
Bought by
Construction At The Groves Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,676,693
Interest Rate
6.95%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kavanaugh Family Trust -- Sendera Title
Kavanaugh Family Trust -- Sendera Title
Construction At The Groves Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kavanaugh Family Trust $2,250,000
Closed Kavanaugh Family Trust $2,250,000
Previous Owner Construction At The Groves Llc $1,676,693
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold -- -- --
08/23/2024 08/23/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $2,800,000 -- $593 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,088 $2,649,876 $513,750 $2,136,126
2024 $47,088 $3,400,500 $400,500 $3,000,000
2023 $5,675 $400,500 $400,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20621827

North Texas Real Estate Information Systems (NTREIS)

APN: 2811-0000-0110-60