$212,000
PENDING

516 Lake by Dr Kemp, TX 75143

Estimated payment $1,452/month

Total Views 1,546
3 Beds
2 Baths
1,436 Sq Ft
$148 Price per Sq Ft

Highlights

  • Vaulted Ceiling
  • Laundry in Utility Room
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • 1-Story Property

About This Home

HUD Owned Home FHA Case# 511-299286 Sold AS-IS. Come check out this great country home located in the Lake By Subdivision in the Seven Points community. This property is in the Mabank ISD. This 3 bedroom home has 2 full bathrooms, large open living-dining-kitchen combo and a rustic cabin design. Vaulted ceilings in the main area, knotty pine shiplap and more. Great views of the countryside and all sitting on approximately 3 acres of land. Come take a look before its gone. Purchase this home with as little as $100 down when utilizing the HUD FHA Sales Incentive.

Listing Agent

Kevin Riney

NE Texas Regional Realty Brokerage Phone: 903-361-2733 License #0617676 Listed on: 07/05/2025

Co-Listing Agent

Sherry Dickson

NE Texas Regional Realty Brokerage Phone: 903-361-2733 License #0595429

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,774

Year Built

  • Built in 1996

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Block Foundation
  • Metal Roof

Interior Spaces

  • 1,436 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Decorative Lighting

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer and Dryer Hookup

Schools

  • Lakeview Elementary School
  • Mabank High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 2.94 Acre Lot

Community Details

  • Association fees include all facilities
  • Lake By Acres Subdivision

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 32750000033050

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,774

Year Built

Built in 1996

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • OWNERNAME: HUD
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached
  • Unit Levels: One
  • Attribution Contact: 903-361-2733
  • Co List Office Mls Id: NETR01C
  • Co List Office Phone: 903-361-2733
  • Co List Office Mls Id: NETR01C
  • Structure Type: House
  • Special Features: VirtualTour

Interior Features

  • Square Footage: 1436.0
  • Interior Amenities: Decorative/Designer Lighting Fixtures, Vaulted Ceiling(s)
  • Appliances: Electric Water Heater
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Block
  • Roof: Metal
  • Pool Features: None
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Carport Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Carport
  • GarageYN: No

Utilities

  • Sewer: Septic Tank
  • Heating: Central, Electric
  • LaundryFeatures: Washer Hookup, Dryer Hookup, Laundry in Utility Room
  • Utilities: Electricity Available, Septic Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: All Facilities
  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association Name: TBD

Schools

  • Elementary School: Lakeview
  • High School: Mabank
  • Junior High Dist: Mabank ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 2.935
  • Parcel Number: 32750000033050
  • Lot Size Acres: 2.935
  • Lot Size Sq Ft: 127848.6

Building Info

  • Year Built: 1996

Tax Info

  • Tax Lot: 33
  • Tax Annual Amount: 3774.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,774 $272,558 $15,000 $257,558
2023 $3,543 $254,583 $15,000 $239,583
2022 $3,307 $214,660 $15,000 $199,660
2021 $2,650 $148,810 $9,000 $139,810
2020 $2,684 $140,420 $9,000 $131,420
2019 $1,947 $98,680 $9,000 $89,680
2018 $548 $90,400 $9,000 $81,400
2017 $1,414 $88,800 $9,000 $79,800
2016 $1,757 $88,800 $9,000 $79,800
2015 $1,406 $88,800 $9,000 $79,800
2014 $1,533 $88,800 $9,000 $79,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Pending -- -- --
07/05/2025 07/05/25 For Sale $212,000 -- $148 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Trustee Deed $120,700 None Listed On Document
Interfamily Deed Transfer -- None Available
Vendors Lien -- Capital Title
Vendors Lien -- None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $20,177 New Conventional
Previous Owner $190,272 FHA
Previous Owner $118,808 FHA
Previous Owner $55,900 New Conventional
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21015605

North Texas Real Estate Information Systems (NTREIS)

APN: 3275-0000-0330-50