Video tour
$10,000 Closing Credit¹
#20821398, Amy Farris, Lauren Farris, Listing Office: Allie Beth Allman & Assoc.
$750,000 List price
311 Oak Ln Tool, TX 75143
$8,906
Closing credit¹
5 beds
4 full, 1 partial
4,100 sqft
3.1 acres
$183 / sqft
House
Property details
About 311 Oak Ln
Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! The largest property in the highly sought out Arnold Hills Subdivision is now for sale! 12 LOTS (52-63) on a little over 3 acres with access to Cedar Creek Lake with a voluntary HOA. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size4,100 sqft
Lot size3.139 Acres
Year built1976
ParkingGarage, Boat, RV Access/Parking
MLS #20768073
WaterfrontDock, Boat Slip, Canal, Lake Front, Waterfront
Virtual tour
Summary
- MLS Number: 20768073
- MLS Name: NTR
- Office Name: EXP REALTY
- Office Phone: (214) 997-4929
- Listing Agent: Evan Downey
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last updated on: 3/13/2025, 5:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$750,000
311 Oak Ln
$8,906
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $364,355 | $6,600 |
| 2022 | $316,520 | $8,199 |
| 2021 | $242,830 | $2,521 |
| 2020 | $206,750 | $- |
| 2019 | $193,670 | $- |
| 2018 | $169,420 | $4,224 |
| 2017 | $166,310 | $4,106 |
History based on county public records data.
Nearby schools
7
Tool Elementary School
Public District PK-5
2.6 mi
•1201 S Tool Dr
8
Lakeview Elementary School
Public District KG-4
3.0 mi
•306 Harbor Point Rd
7
Southside Elementary School
Public District PK-4
4.7 mi
•109 Paschall Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,718. Residents of Tool, TX typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
43%
<35k
46%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
43%
Single, No Kids
11%
Single, with Kids
33%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
45%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Pro Wrestling
Where do the neighbors shop?
Dollar General
Wal-Mart
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
GMC
Ram
Dodge
What do the neighbors listen to?
Classic Country- Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 311 Oak Ln
This home is located at 311 Oak Ln in Tool, TX and zip code 75143. This 4,100 square foot home, which was built in 1976, sits on a 3.14 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 8, 2024 and is currently priced at $750,000.
The number of listings in Tool, TX increased by 23.4% between January and February 2025. The median list price of listings available in February 2025 was $317,000, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.