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$234,000

NAL Estimated Property Value

1216 Wedgewood Dr, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,285 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.21 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size13,382 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APN126.3060.00040
Lot Number4
Land UseResidential
Legal DescriptionLOT 4 BLK 1 WEDGEWOOD
Census Tract131100
Assessed Land Value$50,500
Assessed Improvement Value$182,213
Assessment Year2025

About this property

Multiple offers! Deadline is Monday the 14th at noon. This immaculate home is situated on a generous shaded lot with mature trees. Recently updated, including new paint inside and out. Large living room with built ins has new carpet and a cozy wood burning fireplace to relax with a book or gather around on chilly evenings. The kitchen has plenty of cabinets and nice dining area. Bedrooms are good sized with new carpet, master suite has walk in closet and powder room next to bathroom. Covered patio out the back to enjoy your morning coffee or relax with friends around the BBQ. Backyard is fenced. This one is perfect for a starter home or someone looking to downsize. Full house filtration system is negotiable.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$217,266Estimated Mortgage Balance
$16,734Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,404 /month
Positive
Cash Flow Estimate:
$468 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,998
$232,713
2025
$50,500
$182,213
$232,713
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,998
$232,713

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$235,710
No
First
Mar 19, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,266
$16,734
7%
93%
$1,414/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,414/mo
+$513/mo
9.9%

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: Cleburne

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1216 Wedgewood Dr | Property Details | No Agent List