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$175,000

125 County Road 1424, Morgan, TX, 76671

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,328 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.78 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesGas Cooktop, Gas Water Heater, Refrigerator
FlooringCarpet, Laminate, Linoleum

Building Information

Year Built1965
Garage Spaces2

Land Information

APNR16102
Lot Number6-8
Land UseResidential
Legal DescriptionPOP SAMPLES STEELE CREEK ACRES ADD #3 BLOCK 5 LOT 6-8
Census Tract950300
Assessed Land Value$37,759
Assessed Improvement Value$150,538
Assessment Year2025

About this property

2br 2ba home with 2 living areas, fireplace in both living rooms, windows have window shade screens, plenty of space for your RV's, toys, boats, etc in the large 2 car garage with work area, extra garage for additional vehicles, car port, RV port with 30 and 50 amp service, water and septic hookup, 2 gazebos in front and back for entertaining, green house with all water hookups for growing year round vegetables. This has all you need for retirement, 2nd home and only a short walk to the lake.

Investor Tools

Property Icon
$199,000
Estimated Property Value
$5,063Estimated Mortgage Balance
$194,215Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$151/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$815
$188,297
2025
$37,759
$150,538
$188,297
No

Tax History

Year
Tax Paid
Assessed Value
2025
$815
$188,297

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Unknown
$5,063
No
First
May 17, 2023
May 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,785
$194,215
97%
2%
$31/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: Morgan

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125 County Road 1424 | Property Details | No Agent List