tomo logo

$320,000

Beds
3
Baths
2.0
sq ft
1,760

131 San Felipe Dr, Mabank, TX 75156

131 San Felipe Dr

Mabank, TX 75156

  • 9 days on market
Located in the highly sought after, gated community of Spanish Shores, this beautiful home offers stunning views of Cedar Creek Lake and exclusive access to a private boat ramp for residents. Designed to capture the beauty of its surroundings, the home features large windows along the front, filling the space with natural light and showcasing breathtaking lake views. Inside, a grand stone fireplace creates a warm and inviting atmosphere in the spacious living area. This 3 bedroom, 2 bath home includes a versatile flex room that can be used as an office, formal dining room, den, or even a 4th bedroom. Upstairs, a private loft, bedroom, and full bath provide extra space and privacy. The expansive front porch is perfect for relaxing and taking in the peaceful lake view. A large attached carport offers convenient covered parking, and with no neighbors on either side, you’ll enjoy both privacy and tranquility. Recent updates includes roof replaced Feb 2025, water heater, and fence in 2019. Ideally located near schools, restaurants, and shopping, this home perfectly balances lakeside serenity with everyday convenience. Don’t miss your chance to own a slice of paradise. Schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$292,544

Lot size

0.26 acres

Price per sq ft

$182

Year built

1997

Annual property taxes

$2,889

Monthly HOA fee

$54.17

Price History

03/23/2025
NTREIS

NTREIS #20876216

Listed
$320,000
08/17/2020
NTREIS

NTREIS #14386265

Removed

Schools & Community

Elementary school: 

Mabank

Middle school: 

Unknown

High school: 

Mabank

Community features: 

Gated, Lake

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

$230,050
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$64,350
Cash to seller
$230,050

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2020

Original loan amount

$71,500

Est. remaining balance

$64,350

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Patrick L Pillow and Tammy Lynn Pillow

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 3:20 PM

Listing updated: 03/24/2025 at 3:01 PM

Listed by: Norma Barrett, Exit Realty Pro Phone #: (903) 567-7777

MLS: NTREIS #20876216

NTREIS logo

Recently listed in Mabank

$575,000|3 bd|2.0 ba|House
$245,000|3 bd|2.0 ba|House
$215,000|2 bd|2.0 ba|House
$768,000|4 bd|2.0 ba|House
$475,000|2 bd|2.0 ba|House
$209,900|3 bd|2.0 ba|House
$205,000|3 bd|2.0 ba|House
$461,000|3 bd|3.0 ba|House
$1,595,000|4 bd|6.0 ba|House