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$337,000

NAL Estimated Property Value

122 County Road 223, Brookeland, TX, 75931

$396,238 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,492 Sq Ft
price_per_sqft$133.98 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Oven, Oven, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate

Exterior

Lot Size28,053 sqft

Land Information

APN010300008400
Lot Number44
Land UseResidential
Legal DescriptionLOT 44 MULBERRY BEACH (UNREC) 1111 /50 0.644 ACRES
Census Tract950101
Assessed Land Value$75,742
Assessed Improvement Value$261,258
Assessment Year2025

About this property

Experience lake living at its finest in this beautifully remodeled 3 bedroom, 2 bath home in picturesque Mulberry Beach at Lake Sam Rayburn. Boasting 1,500 square feet of thoughtfully updated space, this residence sits on a little over a half-acre fenced lot and offers both comfort and convenience. Start your mornings or host gatherings on the charming partial wrap-around porch, perfect for summer fish fries and relaxing days outdoors. Bring your boat or recreational vehicles—there’s plenty of room in the 4-bay carport. Inside, the spacious kitchen opens to the living area and a separate dining space, making it ideal for entertaining family and friends. Retreat to the primary bedroom featuring an ensuite bath with double vanity and a generous walk-in closet. With neighborhood access to Lake Sam Rayburn and just minutes from the water, Rayburn Resort Golf Course/Restaurant, Umphrey Pavilion & Mill Creek Park; this home is perfect as a weekend getaway or a primary residence.

Investor Tools

Property Icon
$337,000
Estimated Property Value
$57,187Estimated Mortgage Balance
$279,954Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$396,238
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$495/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,257
$337,000
2025
$75,742
$261,258
$337,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,257
$337,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$69,462
Yes
First
Oct 20, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,187
$279,813
83%
17%
$417/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.

Explore Texas Explore This Area
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: Brookeland

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122 County Road 223 | Property Details | No Agent List