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$144,160 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2.935 Acres
  • Updated 5 days ago
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HUD Owned Home FHA Case# 511-299286 Sold AS-IS. MAJOR PRICE IMPROVEMENT AND AVAILABLE FOR ALL BIDDERS. COME LOOK OR TAKE A SECOND LOOK BEFORE IT IS GONE! Come check out this great country home located in the Lake By Subdivision in the Seven Points community. This property is in the Mabank ISD. This 3 bedroom home has 2 full bathrooms, large open living-dining-kitchen combo and a rustic cabin design. Vaulted ceilings in the main area, knotty pine shiplap and more. Great views of the countryside and all sitting on approximately 3 acres of land. Come take a look before its gone. Purchase this home with as little as $100 down when utilizing the HUD FHA Sales Incentive.

Full Property Details for 516 Lake By Dr

General

  • Price: $144,160
  • HOA FEE: $8/month
  • HOA FEE FREQ.: Annually
  • Taxes: $3,774
  • Status: Pending
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21015605
  • Updated: 2/26/2026
  • Added to Site: 216 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Vaulted Ceiling(s)
  • Appliances: Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup, Laundry in Utility Room

Exterior

  • Porch/Patio/Deck: Covered

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Carport

Location

  • County: Henderson
  • Subdivision: Lake By Acres
  • Driving Directions: GPS

School Information

  • Elem School District: Mabank ISD
  • Midd School District: Mabank ISD
  • High School District: Mabank ISD
  • Elementary School: Lakeview
  • High School: Mabank

Community

  • Association: Yes
  • Assoc. Name: TBD
  • Assoc. Fees Include: All Facilities

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Septic Tank
  • Utility Description: Electricity Available, Septic Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Roof: Metal
  • Stories/Levels: 1
  • Living Area: 1,436 Sq. Ft.
  • Year Built: 1996

Lot Features

  • Lot Size (Acres): 2.935
  • Lot Size (Sq. Ft.): 127,848.6

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Association Fee: $100
  • Assoc Fee Freq.: Annually
  • Tax Amount: $3,774

Disclosures and Reports

  • Legal Description: LT 33 AB 470 J LOVE SUR, LAKE BY ACRES LT 33,
  • Disclosures/Rstr.: Special Addendum
  • Property ID: 32750000033050
  • Lot Number: 33

Listed by NE Texas Regional Realty, Kevin Riney and NE Texas Regional Realty, Sherry Dickson

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Listing agents

— 516 Lake By Dr —

  • Kevin Riney

    NE Texas Regional Realty

  • Sherry Dickson

    NE Texas Regional Realty

903-361-2733

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 516 Lake By Dr

School District:Mabank Independent School District
NameGradesDistance
Mabank High School
18786 E Hwy 175, Mabank, TX 75147
9-127.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 516 Lake By Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/24/2025
Price Reduced
$144,160
-15%
MLS
10/04/2025
Price Reduced
$169,600
-20%
MLS
7/30/2025
Listed
$212,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 516 Lake By Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,193
-66%
$272,558
—
2023
$3,543
—
$272,558
7%
2023
$3,543
7%
$254,583
19%
2022
$3,307
30%
$214,660
44%
2021
$2,541
2%
$148,810
6%
2020
$2,500
33%
$140,420
42%
2019
$1,886
30%
$98,680
9%
2018
$1,448
2%
$90,400
2%
2017
$1,417
—
$88,800
—
2016
$1,414
—
$88,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 516 Lake By Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by NE Texas Regional Realty, Kevin Riney and NE Texas Regional Realty, Sherry Dickson

516 Lake By Drive, Kemp, TX 75143 (MLS# 21015605) is a Single Family property with 3 bedrooms and 2 full bathrooms. 516 Lake By Drive is currently listed for $144,160 and was received on July 30, 2025. Want to learn more about 516 Lake By Drive? Do you have questions about finding other Single Family real estate for sale in Kemp? You can browse all Kemp real estate or contact a Coldwell Banker agent to request more information.

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