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$185,000

1303 Southgate Drive, Brownwood, TX, 76801

$237,944 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,676 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$69.13 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

High EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringConcrete, Other

Exterior

Lot Size12,824 sqft

Building Information

Year Built1973

Land Information

APN56302
Lot Number1
SubdivisionSouthgate Addition
Land UseResidential
Legal DescriptionSOUTHGATE ADDITION, BLOCK 3, LOT 1
Census Tract951100
Assessed Land Value$7,410
Assessed Improvement Value$308,700
Assessment Year2025

About this property

Location is everything with this property. This 3 bedroom 2 bath home sits on a corner lot allowing for extra parking and privacy. The home needs lots of updating and finish work. The primary bedroom is down stairs with the other two bedroom upstairs. The garage has been enclosed into additional living space and storage. The living room has vaulted ceilings and a wood burning fireplace. The home has a large fenced backyard with a covered porch perfect for cooking out. Every handy person will enjoy workshop and carport that is next to the home. The shop is metal constructed and insulated on a concrete foundation. This home is being sold as is where is.

Investor Tools

$171,999Estimated Mortgage Balance
$144,111Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$237,944
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,897 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$694/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,746
$316,110
2025
$7,410
$308,700
$316,110
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,746
$316,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank
Stand Alone First / Home Equity First Lien
$105,400
No
First
Jul 7, 2015
Jul 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,999
$144,111
45%
54%
$2,098/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: Brownwood

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1303 Southgate Drive | Property Details | No Agent List