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$714,000

NAL Estimated Property Value

1290 Wallis Road, Aledo, TX, 76008

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,730 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.78 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3.5Bathrooms 3.5
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size4.37 acres

Building Information

Year Built1975
Stories1
Garage Spaces6

Land Information

APN21656-013-000-00
Land UseResidential
Legal DescriptionACRES: 4.370 TRACT: 1 & 2 ABST: 1656 SURVEY: WORRALL ADALINE S
Census Tract140709
Assessed Land Value$307,470
Assessed Improvement Value$215,410
Assessment Year2025

About this property

Welcome to the country! Located in the coveted Aledo ISD! This 3 bedroom, 2.5 bath ranch style home is situated on 5 secluded acres with an additional 1 bedroom, 1 bath guest quarters above the detached garage. This one owner home was custom built of the highest quality for the time,and has been very well maintained. It has so much charm and lots of potential, ready for your cosmetic updates! It features 2 living areas and 2 dining areas. Enjoy the sunroom and upper balcony in the backyard as you surround yourself by nature.Property is completely fenced and cross fenced.You'll have your own water well & three septic tanks.Rare opportunity to find this kind of privacy in a great location!Drone video in tour link

Investor Tools

Property Icon
$714,000
Estimated Property Value
$459,723Estimated Mortgage Balance
$254,277Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,284 /month
Positive
Cash Flow Estimate:
$1,428 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$522,880
2025
$307,470
$215,410
$522,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$522,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Conventional
$498,750
No
First
Mar 4, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$459,723
$254,277
35%
64%
$2,991/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: Aledo

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1290 Wallis Road | Property Details | No Agent List