NOT LISTED FOR SALE

5005 Open Water Way Streetman, TX 75859

Estimated Value: $941,000 - $1,160,000

3 Beds
2.5 Baths
2,709 Sq Ft
$384/Sq Ft Est. Value

Last Sold November 13, 2023

Current estimated payment $7,224/month

33 Days on Market

Highlights

  • Lake Front
  • Boat Ramp
  • Gated Community
  • Docks
  • Fishing
  • Clubhouse

About This Home

As of November 2023

Welcome Home to this Lakefront Jewel! As you enter this home, you'll love the open living and kitchen, overlooking gorgeous lake views. The primary bedroom is designed for relaxation with sunset views in the sitting area. The spacious 2 spare bedrooms with a shared bathroom downstairs and the bunk room upstairs are great for weekend visits from family and friends. The whole house generator will give you peace of mind knowing that you won't be without power on those stormy evenings. This home is known for its outdoors! The boathouse is ideal for fishing & boating whenever you please, and the outdoor kitchen is sure to be your favorite place to grill a delicious meal, or to enjoy a fire while watching the sunset. You'll also enjoy roasting s’mores lakeside by the one-of-a-kind fire pit. Take advantage of the SouthPoint amenities & launch your boat on the private ramp, take a dip in the community pool or relax in the cabana. SouthPoint is a private community that you'll love to call home!

Last Agent to Sell the Property

Julie Teel

RE/MAX LakeSide Dreams Brokerage Phone: 903-874-0003 License #0380798 Listed on: 09/12/2023

RE/MAX LakeSide Dreams

Last Buyer's Agent

Juli Harrison

Allie Beth Allman & Assoc. License #0194971

Allie Beth Allman & Assoc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,665

Year Built

  • Built in 2016

Lot Details

  • 1.1 Acre Lot
  • Lake Front
  • Irregular Lot
  • Sprinkler System
  • Few Trees
  • Large Grassy Backyard

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2-Car Garage with two garage doors
  • Garage Door Opener
  • Circular Driveway
  • Drive Through

Home Design

  • Traditional Architecture
  • Lake House
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,709 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Lighting
  • Self Contained Fireplace Unit Or Insert
  • See Through Fireplace
  • Gas Log Fireplace
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Living Room with Fireplace
  • Lake Views

Kitchen

  • Plumbed For Gas In Kitchen
  • Built-In Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Full Size Washer or Dryer
  • Washer and Electric Dryer Hookup

Home Security

  • Wireless Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Doors
  • ENERGY STAR Qualified Equipment for Heating
  • ENERGY STAR/ACCA RSI Qualified Installation

Outdoor Features

  • Personal Watercraft Lift
  • Boat Ramp
  • Docks
  • Lake Pump
  • Covered Deck
  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Storage
  • Built-In Barbecue
  • Rain Gutters

Location

  • Outside City Limits

Schools

  • Fairfield Elementary And Middle School
  • Fairfield High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Co-Op Electric
  • No City Services
  • Power Generator
  • Propane
  • Co-Op Water
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 34
  • Assessor Parcel Number 66213
  • $10,921 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities, maintenance structure
  • South Point On Richland Chambers Lake HOA
  • Southpoint On Richland Chamb Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Fishing

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,665

Year Built

Built in 2016

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Lake House, Single Detached, Vacation Home
  • Unit Levels: Two
  • Restrictions: Architectural, Building, Deed, Easement(s)
  • Security: Burglar, Fire Alarm, Security Service, Security System, Smoke Detector(s), Wireless
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Water Body Name: Richland-Chambers
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Agent Only_ Co Buyer Agent Mls Id: 0704563
  • Horse Permitted Y N: No
  • Lake Pump Y N: Yes
  • Attribution Contact: 903-874-0003
  • Special Features: None
  • Year Built: 2016

Interior Features

  • Square Footage: 2709.00
  • Windows: Window Coverings
  • Fireplace Features: Gas Logs, Insert, Living Room, See Through Fireplace
  • Interior Amenities: Decorative Lighting
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-in Gas Range, Dishwasher, Disposal, Gas Water Heater, Plumbed For Gas in Kitchen, Refrigerator, Vented Exhaust Fan
  • Basement YN: No
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1
  • Other Equipment: Generator
  • Room Count: 13

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Easements: Utilities
  • Pool: No
  • Foundation: Slab
  • Community Features: Boat Ramp, Club House, Community Pool, Fishing, Gated
  • Fencing: None
  • Roof: Composition
  • Soil Type: Unknown
  • Construction Materials: Wood, Other
  • Exterior Features: Attached Grill, Built-in Barbecue, Covered Deck, Covered Patio/Porch, Dock, Fire Pit, Rain Gutters, Outdoor Grill, Storage
  • Platted Waterfront Boundary: 101
  • Waterfront: Yes
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: Garage Double Door, Circular Driveway, Drive Through, Garage, Garage Door Opener
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric, ENERGY STAR Qualified Equipment, ENERGY STAR/ACCA RSI Qualified Installation, Fireplace(s), Propane
  • LaundryFeatures: Electric Dryer Hookup, Full Size W/D Area, Washer Hookup
  • Utilities: All Weather Road, Asphalt, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Private Road, Propane, Septic, Underground Utilities, No City Services

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Structure
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: South Point On Richland Chambers Lake
  • HOA Management Company: 000-000-0000

Schools

  • School District: Fairfield ISD
  • Elementary School: Fairfield
  • High School: Fairfield
  • School District: Fairfield ISD
  • Elementary School: Fairfield
  • Intermediate School: Fairfield
  • Junior High School: Fairfield

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1 to < 3 Acres
  • Lot Features: Acreage, Few Trees, Irregular Lot, Lrg. Backyard Grass, Sprinkler System, Subdivision, Water/Lake View, Waterfront
  • Lot Size Units: Acres
  • Lot Size Area: 1.0990
  • Parcel Number: 66213
  • Lot Size Acres: 1.0990
  • Lot Size Sq Ft: 47872.4400

Green Features

  • Efficiency: Appliances, Doors, HVAC, Windows
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2016

Tax Info

  • Unexempt Taxes: 10921
  • Tax Lot: 34

Multi Family

  • WaterfrontFeatures: Dock – Covered, Lake Front, Lake Front – Main Body, Personal Watercraft Lift, Retaining Wall – Steel

MLS Schools

  • Elementary School Name: Fairfield
  • High School Name: Fairfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Nov 13, 2023
Sold by
Franck James A and Franck Cheryl L
Bought by
Reyes Karl and Bertoldi Emilee
Seller's Agent
Julie Teel
RE/MAX LakeSide Dreams
Buyer's Agent
Juli Harrison
Allie Beth Allman & Assoc.
List Price
$995,000
Views
30
Current Estimated Value
$1,040,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$796,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jun 18, 2021
Sold by
Reece Bealey Y and Reecde Paula F
Bought by
Franck James A and Franck Cheryl L
Seller's Agent
Julie Teel
RE/MAX LakeSide Dreams
Buyer's Agent
Cody Farris
Compass RE Texas, LLC.
List Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Jul 22, 2013
Sold by
Texas Land & Lakes Ltd
Bought by
Reece Beasley Y and Reece Paula F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,920
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Reyes Karl -- Royal Title Services
Franck James A -- None Available
Reece Beasley Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Karl $790,000
Closed Reyes Karl $796,000
Previous Owner Reece Beasley Y $365,000
Previous Owner Reece Beasley Y $99,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold -- -- --
10/16/2023 10/16/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $995,000 +20.6% $367 / Sq Ft
06/21/2021 06/21/21 Sold -- -- --
05/24/2021 05/24/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $825,000 -2.9% $305 / Sq Ft
04/02/2021 04/02/21 For Sale $850,000 -- $314 / 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
2024 $17,665 $1,072,320 $231,220 $841,100
2023 $17,427 $1,063,990 $176,170 $887,820
2022 $14,478 $779,090 $187,180 $591,910
2021 $10,921 $521,950 $110,110 $411,840
2020 $11,334 $521,950 $110,110 $411,840
2019 $11,230 $505,200 $110,110 $395,090
2018 $9,710 $433,090 $110,000 $323,090
2017 $9,854 $433,090 $110,000 $323,090
2016 $9,932 $436,490 $110,000 $326,490
2015 -- $110,000 $110,000 $0
2014 -- $110,000 $110,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20428643

North Texas Real Estate Information Systems (NTREIS)

APN: 66213