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$336,982

NAL Estimated Property Value

128 County Road 1513, Morgan, TX, 76671

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,806 Sq Ft
price_per_sqft$166.11 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Range, Microwave, Vented Exhaust Fan

Building Information

Year Built2023

Land Information

APNR40919
Lot Number226-229
Land UseVacant Land
Legal DescriptionCEDAR SHORES BLOCK U4 LOT 226-229
Census Tract950300
Assessed Land Value$32,868
Assessed Improvement Value$304,114
Assessment Year2025

About this property

Welcome to your dream retreat Canyons on Lake Whitney! Completed in June 2024, this beautifully crafted modern farmhouse sits on over half an acre Step inside to a spacious open-concept floor plan designed for both comfortable everyday living and effortless entertaining. The living room features a wood-burning fireplace, creating the perfect ambiance for relaxing evenings. The private primary suite is a true retreat, complete with a massive walk-in closet and a spa-like en-suite bathroom featuring dual vanities, a tiled shower, and a tub for the best of both worlds. Additional features include a 200-amp electric panel, ideal for powering a future workshop or storage shed, and a fully fenced backyard. Enjoy peace and quiet in this NO HOA community, with exclusive access to a private boat ramp, community center, and neighborhood church. With breathtaking views and easy lake access, this property is the perfect blend of tranquility, convenience, and lifestyle. Don’t miss this rare opportunity to own a piece of paradise near Lake Whitney!

Investor Tools

Property Icon
$336,982
Estimated Property Value
$217,732Estimated Mortgage Balance
$119,250Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
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
$380/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,870
$336,982
2025
$32,868
$304,114
$336,982
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,870
$336,982

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$219,000
No
First
Jan 12, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,732
$119,250
35%
65%
$1,314/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: Morgan

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128 County Road 1513 | Property Details | No Agent List