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$650,000

Beds
5
Baths
2.0
sq ft
2,600

123 Cottonwood Trl, Gun Barrel City, TX 75156

123 Cottonwood Trl

Gun Barrel City, TX 75156

  • 7 days on market
Stunning 5-bedroom, 2-bath lake home is fully furnished and move-in ready! With over 189 feet of water frontage, two boat houses, and breathtaking open water views, this property is a lake lover’s dream. Located on a protected channel offering more protection while being just moments from the action. The spacious .32-acre lot provides ample room for outdoor entertaining, and the 2-car garage with epoxy floors can even be converted into additional sleeping space. Short-term rental friendly, this home offers endless possibilities—whether as a full-time residence, vacation retreat, or income-producing property. Conveniently located near shopping, dining, and just one hour from Dallas! Don't miss this incredible opportunity! Many recent upgrades including a new roof in 2023 and seawall work done in 2024.

Details

Property type

Single Family Residence

Est. home value

$766,207

Lot size

0.323 acres

Price per sq ft

$250

Year built

1968

Annual property taxes

$9,669

Monthly HOA fee

$8.33

Price History

03/25/2025
NTREIS

NTREIS #20881686

Listed
$650,000
02/22/2025
NTREIS

NTREIS #20723931

Removed
02/10/2025
NTREIS

NTREIS #20723931

Price change
$665,000
-1.48%

Schools & Community

Elementary school: 

Mabank

Middle school: 

Unknown

High school: 

Mabank

School district: 

Mabank ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$263,960
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$334,040
Cash to seller
$263,960

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

April 2021

Original loan amount

$365,000

Est. remaining balance

$334,040

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Tommy Tran and Tammie Tran

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 3:30 PM

Listing updated: 03/31/2025 at 1:41 PM

Listed by: Patricia Paull, Ebby Halliday Realtors Phone #: (903) 340-8590

MLS: NTREIS #20881686

NTREIS logo

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