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$265,000

118 County Road 1529, Morgan, TX, 76671

Under ContractInfo
Beds2 Beds
Baths2 Bath
Baths1,436 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.54 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringVinyl

Building Information

Year Built1967

Land Information

APNR13856
Lot Number309-310
Land UseResidential Single Family
Legal DescriptionCEDAR SHORES BLOCK U1 LOT 326-329, 309 & 310
Census Tract950300
Assessed Land Value$56,188
Assessed Improvement Value$141,272
Assessment Year2025

About this property

If you’ve been dreaming of the perfect lake getaway with charm, character, and peaceful surroundings, this adorable bungalow is a must-see! Nestled among beautiful mature trees and lush landscaping, this cozy 2 bedroom, 1.5 bath lake house offers the perfect escape for weekends, vacation living, or full-time relaxation. Enjoy your morning coffee or evening sunsets from the spacious covered front porch while taking in the abundant wildlife and serene setting. With 7 lots included, this unique property provides plenty of room to spread out and enjoy the outdoors. A large 40x24 covered carport includes an attached workshop or storage area ideal for boats, fishing gear, ATVs, and all your lake toys. The 16x10 storage building is equipped with electricity and has been transformed into a cozy bunkhouse, perfect for guests, hobbies, or additional sleeping space. Located just minutes from the lake, this property also offers access to a community boat ramp and dock, making it easy to enjoy fishing, boating, and lake life year-round. Whether you’re searching for a weekend retreat, Airbnb investment opportunity, or peaceful lakeside living, this charming property delivers the perfect blend of comfort, nature, and convenience.

Investor Tools

$203,802Estimated Mortgage Balance
$58,198Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$217/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,295
$197,460
2025
$56,188
$141,272
$197,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,295
$197,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$212,087
Yes
First
Apr 2, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,802
$58,198
22%
78%
$1,272/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: Morgan

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118 County Road 1529 | Property Details | No Agent List