Elaine Drive , Mabank, TX 75156(Henderson County)

Discover the potential of this well-located property within the city limits of Gun Barrel City. Zoned R-3 residential, this lot offers flexibility for a variety of residential uses. There are no deed restrictions, and while HOA restrictions date back to 1964, it appears the HOA is no longer active, giving you added freedom. Public water and sewer are available, with electricity conveniently located at the street, making development easier and more cost-effective.

Enjoy quick access to local favorites like Tom Finley Park and Cedar Creek Reservoir, perfect for boating, fishing, and outdoor recreation. Just minutes from downtown Gun Barrel City for shopping, dining, and daily necessities, and only about 60 minutes from Dallas, this property blends small-town living with easy access to big-city amenities.

Address: Elaine Dr Mabank, TX, 75156

Cash Discount Price: $74,900.00

*There is a $1000 deposit required with all purchases. $500 is a non refundable transaction fee and the remaining $500 would be applied to the purchase price at time of closing.

Owner Financed Price: $74,900.00

Owner Financing Terms: $29,900.00 down and $1,205.01/month for 48 months.

*Applicable fees may apply including but not limited to $35/ month servicing fee and 12.9% interest for owner financing. Buyer is responsible for annual property tax. Contact Country Land Sellers for more details. Monthly payment subject to change based on down payment. Monthly payment shown is an estimate only.

County: Henderson

Acres: 0.16 Acres (Raw Land)

Coordinates: 32.32575, -96.1558

Parcel #: 279115

Yearly Estimated Taxes: $1,962.84

Elevation: 395 FT

Property Dimensions: 92.02 FT X 52.60 FT X 114.39 FT X 36.14 FT X 120.92 FT

Zoning: Single-Family Detached Residential District (R-3)

Does this property have an HOA?: No

Does this property have a survey?: Yes

Elementary school: Lakeview Elementary School

Middle school: Mabank J High School

High school: Mabank High School

Legal Description: Lt 57 Ab 488 T S Mitchell Sur, Sandy Shores #1 Lt 57

If this property is not what you are looking for, go to our website and sign up for our deal alerts; you will be notified whenever we have a new property for sale! Or, e-mail, call or text us, and we may be able to find the property you are looking for.