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$306,000

NAL Estimated Property Value

122 County Road 1500, Morgan, TX, 76671

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.13 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Storage

Building Information

Year Built1996
Garage Spaces2

Land Information

APNR14540
Lot Number163-166
Land UseResidential
Legal DescriptionCEDAR SHORES BLOCK U4 LOT 163-166
Census Tract950300
Assessed Land Value$40,670
Assessed Improvement Value$257,502
Assessment Year2025

About this property

Spacious 3 BR, 2.1 bath TRUE LOG 2 story cabin with loft located minutes away from Lake Whitney, boat ramp and cove in neighborhood!!!! GREAT room with soaring ceilings & a stunning stone fireplace. Open floor plan. Kitchen with beautiful marble countertops & breakfast bar. Large master downstairs with loft & secondary room upstairs. Oversized 2 car garage perfect for boat storage including an apartment that gives you the third bedroom and full bath, perfect for entertaining family and friends. Enjoy the outdoors all year round with a full wrap around porch and outdoor fire pit with seating. 4 ADDITIONAL LOTS ARE INCLUDED WITH THIS LISTING FOR A TOTAL OF 1 ACRE!!!

Investor Tools

Property Icon
$306,000
Estimated Property Value
$170,649Estimated Mortgage Balance
$135,351Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$241/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,368
$298,172
2025
$40,670
$257,502
$298,172
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,368
$298,172

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Va
$224,730
Yes
First
Apr 15, 2015
May 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,649
$135,351
44%
56%
$0/mo

City: Morgan