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$225,000

1220 Phillips Drive, Brownwood, TX, 76801

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,602 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.24 / sqft

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Dishwasher, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Lot Size27,138 sqft

Building Information

Garage Spaces1

Land Information

APN57791
Lot Number1-3
SubdivisionWoodland Addition
Land UseResidential
Legal DescriptionWOODLAND ADDITION, BLOCK 11, LOT 1-3, S 31' OF 4, ACRES 0.623
Census Tract951100
Assessed Land Value$14,930
Assessed Improvement Value$187,550
Assessment Year2025

About this property

HIGHEST & BEST OFFERS DUE 9AM ON 11-01. Completely remodeled 3 bed 2 bath home within walking distance to Woodland Heights on a HUGE TRIPLE LOT, .623 acres! Beautiful Oak trees cover this park like property! It even has a treehouse with a fairytale path that the littles in your life will think is magical! SS appliances & a large custom island that give the kitchen & living room an open & modern feel. Low maintenance metal roof, All new energy efficient gas HVAC installed in 2019! Updated electrical & plumbing. Master suite features jetted tub & dual sinks. 2nd living room perfect for work from home office or schoolroom for remote learning! New covered patio in back & deck in front. Additional storage in garage.

Investor Tools

Property Icon
$225,000
Estimated Property Value
$0Estimated Mortgage Balance
$53,995Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,993
$202,480
2025
$14,930
$187,550
$202,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,993
$202,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank
Fha
$186,558
Yes
First
Dec 10, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,005
$53,995
23%
76%
$1,119/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: Brownwood

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1220 Phillips Drive | Property Details | No Agent List