- Henderson County
- Tool TX
- 75143
- Local Area: Arnold Hills Sub
Property Overview
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.
Featured spaces
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Property highlights
Year Built 1972
School District Mabank Isd
HOA $150 Annually
Parking 1-car garage, 1 covered
Shop / Workshop Workshop on property
Architecture Ranch
Fireplace 1 Fireplaces
Neighborhood Arnold Hills Sub
Full Property Details
Property Details
Quick Details
- Price $565,000
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,812 Sq Ft
- Lot Size 0.24 acres
- Lot Size Sq Ft 10,629
- Year Built 1972
- Price / Sq Ft $312 / Sq Ft
- MLS # 21417475
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Henderson
- Subdivision Arnold Hills Sub
- Days on Market 2
Home Details
- Architectural Style Ranch
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Construction Brick
- Foundation Combination
- Roof Metal
- Flooring Carpet, Tile, Vinyl
- Heating Central, Electric
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached No
Kitchen & Interior
- Appliances Dishwasher, Electric Cooktop, Electric Oven, Disposal
- Interior Features Chandelier, Dry Bar, Decorative Designer Lighting Fixtures, Eat In Kitchen, Granite Counters, Open Floorplan, Cable Tv
- Fireplaces 1
- Fireplace Features Outside, Wood Burning
Lot & Exterior
- Lot Features Waterfront, Retaining Wall
- Exterior Features Boat Slip, Dock, Rain Gutters
- Patio & Porch Features Deck
- Pool No
- Other Structures Boat House, Storage, Workshop
- Waterfront Features Boat Dock Slip, Lake Front, Waterfront
- View Features Water
Parking
- Parking Circular Driveway, Garage Faces Front, Garage, Workshop In Garage
- Garage Spaces 1
- Covered Parking 1
- Attached Garage No
Taxes & HOA
- Annual Taxes $7,359
- HOA Fee $150 Annually
- HOA Includes All Facilities
- Community Features Dock, Lake, Other
- Parcel Number 20300001030050
- Legal Description AB 253 J M GARDNER SUR, ARNOLD HILLS SUBD, BL
- Tax Block 1
- Tax Lot 29
Utilities
- Utilities Municipal Utilities, Sewer Available, Water Available, Cable Available
- Other Equipment Irrigation Equipment
Schools
- School District Mabank ISD
- Elementary Lakeview — Mabank ISD
- Middle Mabank — Mabank ISD
- High Mabank — Mabank ISD
Listing Information
- Listing Agent Lynsey Grissom
- Brokerage Keller Williams Realty
- MLS Board NTREIS
- List Date 10/22/2026
- Source Updated 10/23/2026
- Last Updated 10/23/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 401 Lake Drive
Henderson CAD (Pritchard & Abbott) records for 401 Lake Drive, Tool, TX 75143 show a CAD market value of $631,218 and a net appraised value of $501,643. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Henderson CAD (Pritchard & Abbott) property-tax and appraisal records for 401 Lake Drive, Tool, TX 75143, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Henderson CAD (Pritchard & Abbott) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $188,325 + Improvement Value $442,893 = CAD Market Value $631,218
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $442,893 Total Area: 2584 Sqft Living Area: 1812 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| LIVING AREA | LA | 1,311 Sqft |
| LIVING ANNEX | LX | 501 Sqft |
| WOOD DECK | WD | 172 Sqft |
| GARAGE FREESTANDING 2016 NEWER | GF1 | 600 Sqft |
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| SHED WOOD | Code: SS1 · Class: SS1 · Built 1972 | 160 Sqft |
| FIREPIT | Code: FP · Class: FP · Built 1972 | 1 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Reduces Mabank ISD taxable value by $200,000 (from $501,643 net appraised value to $301,643 school taxable value). Current owner’s exemption, not guaranteed to transfer to buyer.
Statutory 10% limitation on annual increase in appraised value for qualifying residence homestead (Texas Tax Code § 23.23). This is an appraisal-stage limitation, not a local taxing jurisdiction exemption.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $631,218 − All Current CAD Reductions -$129,575 = Current Taxed Starting Point $501,643
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Taxable-value reduction for applicable school district (Mabank ISD); current owner’s exemption, not guaranteed to transfer to buyer. Additional local taxing units on this record also show taxable-value reductions: Henderson Co R&b (-$25,000), Henderson County (-$25,000), Henderson Co Fm-fc (-$3,000), Trinity Valley Comm (-$15,000). Separate from -$129,575 10% homestead cap already reflected in the $501,643 net appraised value.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
Other Entity
HENDERSON CAD |
$501,643 | 0.0000 | $0 | — | $0 |
|
Emergency Services District (ESD)
EMERGENCY SVS DIST #4 |
$501,643 | 0.0749 | $376 | — | $376 |
|
County
HENDERSON CO R&B |
$476,643 | 0.0177 | $89 | -$4 | $84 |
|
County
HENDERSON COUNTY |
$476,643 | 0.2846 | $1,428 | -$71 | $1,356 |
|
County
HENDERSON CO FM-FC |
$498,643 | 0.0412 | $207 | -$1 | $205 |
|
School District
MABANK ISD |
$301,643 (H) | 0.9351 | $4,691 | -$1,870 | $2,821 |
|
Other Entity
TRINITY VALLEY COMM |
$486,643 | 0.1137 | $570 | -$17 | $553 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,360 − Est. Tax Reductions / Savings $1,964 = Est. Taxes (With Current Exemptions) $5,395
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,964. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $5,395 with the exemptions shown today and $7,360 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $71,982 | $254,662 | $326,644 | $326,644 | -$26,598 / -7.53% |
| 2022 | $188,325 | $310,049 | $498,374 | $355,308 | +$171,730 / +52.57% |
| 2023 | $188,325 | $417,037 | $605,362 | $386,839 | +$106,988 / +21.47% |
| 2024 | $188,325 | $442,893 | $631,218 | $421,523 | +$25,856 / +4.27% |
| 2025 | $188,325 | $442,893 | $631,218 | $459,675 | — |
| 2026 | $188,325 | $442,893 | $631,218 | $501,643 | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $565,000 − Current CAD Market Value $631,218 = Under CAD Value -$66,218 (-10.5%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND ARNOLD HILLS SUB
A curated look at local favorites, everyday stops, and lifestyle context near this property.