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$400,000

1021 Morningside Dr, Burleson, TX, 76028

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,009 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.1 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Garden
Lot Size11,944 sqft

Building Information

Year Built2016
Garage Spaces2

Land Information

APN126.3504.15090
Lot Number9
SubdivisionMountain Valley Lake Tr C Ph4
Land UseResidential
Legal DescriptionLOT 9 BLK 15 MOUNTAIN VALLEY LAKE TR C PH4
Census Tract130211
Assessed Land Value$30,000
Assessed Improvement Value$379,373
Assessment Year2025

About this property

Rare opportunity in Joshua ISD with a premium lot backing to a protected wildlife ranch offering unobstructed views, exceptional privacy, and daily wildlife sightings right from your backyard. These ranch backed lots are incredibly limited and rarely come available, making this one of the most unique settings with protected views that create a peaceful outdoor experience. Pride of ownership shines throughout this original owner home that has been meticulously maintained and thoughtfully upgraded. Featuring a flexible floor plan with a formal dining room and flex space perfect for a home office, den, or second living area. The open concept layout offers 11ft ceilings, abundant natural light, and seamless sightlines across the main living areas. The spacious living room is anchored by an oversized stone fireplace with a convenient floor outlet. The kitchen is appointed with granite countertops, stainless steel appliances, upgraded fixtures, soft close drawers, bar seating, designer pendant lighting, coffee bar station, and a walk in pantry. The private primary suite offers a sitting area, dual vanities, oversized walk in shower, and large walk in closet. Secondary bedrooms are split for privacy and share a full bath. Additional features include wood flooring, fresh paint, blinds throughout, and a large laundry room with extra storage space. Step outside to a beautifully landscaped backyard with irrigation, lighting, stone borders, fruit trees, and a raised garden bed perfect for growing vegetables and herbs. The extended covered patio with additional paver entertaining space was designed to fully enjoy the incredible ranch views and wildlife sightings. A 12x12 storage shed with windows adds even more functionality. PAID 2-1 rate buydown included, offering buyers monthly savings during the first 2 years of ownership. Located in highly sought after Mountain Valley Lake with access to fishing ponds, swimming pools, clubhouse, walking trails, playgrounds, and more.

Investor Tools

Property Icon
$409,373
Estimated Property Value
$126,000Estimated Mortgage Balance
$308,235Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,456 /month
Positive
Cash Flow Estimate:
$819 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$732/month
$270/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,743
$409,373
2025
$30,000
$379,373
$409,373
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,743
$409,373

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$126,000
No
First
Feb 28, 2017
Mar 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,401
$307,972
75%
25%
$756/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,026/mo
+$994/mo
5.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Burleson

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1021 Morningside Dr | Property Details | No Agent List