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$345,000

1150 County Road 1416, Quitman, TX, 75783

$373,983 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,980 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$174.24 / sqft
Year BuiltBuilt in 1994

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater

Exterior

Exterior FeaturesRain Gutters
Lot Size6,665 sqft

Building Information

Year Built1994

Land Information

APN34209
Lot Number2,3
Land UseResidential
Legal DescriptionLOT 2, 3 BLK 1 MORSE ADD 2040 HUD# TEX0505955
Census Tract950303
Assessed Land Value$51,660
Assessed Improvement Value$245,350
Assessment Year2025

About this property

Waterfront home on Lake Quitman with breathtaking lake views. This well-cared-for single-wide home, built in 1994, measures 18ft x 76ft and now includes 4 bedrooms and 3 full bathrooms. The owner added an additional primary bedroom and mudroom that features a bay window overlooking the water, an ensuite bathroom, and a cedar-lined closet. The open concept living area includes a spacious kitchen, living, and dining space with stainless steel appliances, Corian countertops, built-in decorative cabinets, and under-cabinet lighting. Outdoors, enjoy a large covered entertaining area, mature trees, landscaped flower beds, a fishing pier, carport, RV carport, generator, and two metal storage buildings.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$253,200Estimated Mortgage Balance
$109,556Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$373,982
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,136 /month
Positive
Cash Flow Estimate:
$712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$520/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,454
$297,010
2025
$51,660
$245,350
$297,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,454
$297,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage National Bank
Commercial
$253,200
No
First
Nov 27, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,444
$109,556
30%
69%
$1,519/mo

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: Quitman

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1150 County Road 1416 | Property Details | No Agent List