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Financing available

$565,000

401 Lake Drive, Tool, TX 75143

3
beds
2
baths
1,812
sqft

Est. with seller financing: $4,982/mo

  • Single-family
  • Built in 1972
  • 10,629 sq ft lot
  • $312/sqft
  • $13/mo HOA
  • Henderson County

Interested in this home?

Seller financing is available to qualified buyers.

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About this home

Stunning 3-bedroom, 2-bath home on Cedar Creek Lake in sought-after Arnold Hills with breathtaking water views. Enjoy relaxing evenings by the outdoor fireplace while taking in the peaceful setting of the lake and surrounding trees. The top boat deck, and boat lift are new. The retaining wall has been newly redone, making every day on the water effortless. This home also offers a convenient garage plus an additional detached space that can be the perfect mother-in-law suite or a private playhouse, giving you flexibility for guests, family, or extra living needs. Step outside to a spacious extended back patio designed for unwinding, entertaining, and soaking up the natural beauty. The home features terraced landscaping and a welcoming circle drive with a beautiful entrance into a community that truly has it all, including a community boat dock, park, plus a pickleball court for fun and connection. Inside, you will find an additional living space where you could possibly enjoy your favorite book. The third bedroom makes the ideal bunk room, flex space, or cozy retreat. With its thoughtful layout, serene lake lifestyle, and room to grow, this home is a wonderful option for a second home or a comfortable retirement space where you can enjoy Cedar Creek Lake for years to come.

Listing courtesy of Lynsey Grissom, Keller Williams Realty · MLS #21417475 · 972-938-2222

Facts & features

Interior

Features

  • Chandelier
  • Dry Bar
  • Decorative Designer Lighting Fixtures
  • Eat In Kitchen
  • Granite Counters
  • Open Floorplan
  • Cable Tv

Heating & cooling

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fans, Electric

Flooring

  • Carpet
  • Tile
  • Vinyl

Appliances

  • Dishwasher
  • Electric Cooktop
  • Electric Oven
  • Disposal

Fireplace

  • Fireplaces: 1
  • Outside
  • Wood Burning

Exterior & lot

Features

  • Boat Slip
  • Dock
  • Rain Gutters

Construction

  • Style: Ranch
  • Stories: 1
  • Roof: Metal
  • Foundation: Combination
  • Materials: Brick

Parking

  • Garage spaces: 1
  • Circular Driveway
  • Garage Faces Front
  • Garage
  • Workshop In Garage

Lot

  • Waterfront
  • Retaining Wall
  • View: Water

Community

Neighborhood

  • Subdivision: Arnold Hills Sub

HOA

  • Arnold Hills

Schools

  • District: Mabank ISD
  • Elementary: Lakeview
  • Middle: Mabank
  • High: Mabank

Financial & listing details

Listing

  • Price per sq ft: $312
  • County: Henderson
  • Financing: Financing available from HFP, powered by Doorly

Estimated payment with seller financing

Est. seller-financed payment

$4,982/mo

Principal & interest
$4,092/mo
Property taxes
$613/mo
Homeowners insurance (est.)
$264/mo
HOA dues
$13/mo
Loan amount
$508,500
Seller financing rate (est.)
9.00%
Term
30-year fixed
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This estimate uses our seller financing program's rate. Taxes are from listing data and insurance is estimated. Your actual payment may be higher. Estimate only. Your final rate, payment, and terms are based on approval. This is not a commitment to lend.

Location

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A traditional mortgage isn't the only way. Self-employed, lower credit, ITIN, or turned down before? You may have another option.

Offered by HFP, powered by Doorly, only on this site, not by the seller or listing agent. Subject to underwriting and approval.

Get Pre-Qualified

How our financing program works

  1. 1

    Get qualified

    Answer a few quick questions and see the down payment you'd need. It takes about a minute and doesn't pull your credit.

  2. 2

    Make it your home

    Once you're approved, our lending partner buys the home from the seller at closing. The seller is paid in full and never carries a loan.

  3. 3

    Own it

    It resells the home to you at the same closing, with financing, so the title is in your name.

This is different from traditional seller financing, where the seller lends you the money. See the full requirements

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