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$189,900

122 County Road 223, Brookeland, TX, 75931

$246,870 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,492 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.28 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyMust-SellDeal 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

$57,187Estimated Mortgage Balance
$280,522Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$246,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

Interested in this property?

Wendi Bangoy

Southeast Texas 1st Realty

ContactContact

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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

City: Brookeland

122 County Road 223 | Property Details | No Agent List