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$255,000

1306 Phillips St, Cleburne, TX, 76033

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,376 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.32 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size11,204 sqft

Building Information

Year Built1958
Garage Spaces2

Land Information

APN126.3040.00650
Lot Number12
Land UseResidential
Legal DescriptionLOT 12 BLK 4 SUNSET TERRACE
Census Tract130700
Assessed Land Value$37,500
Assessed Improvement Value$300,517
Assessment Year2025

About this property

Charming 3-bedroom, 2-bath home with great space and functionality! The original garage has been enclosed to create a large family room, while a detached 2-car garage with rear alley access provides ample parking and storage. The kitchen includes a refrigerator, gas range, microwave, elevated dishwasher, and a movable island with seating for two and extra storage. Open concept layout with the original living area serving as a dinette space flowing into the kitchen. Carpet throughout with LVP flooring and tile in the bathrooms. Ceiling fans in every room. Spacious primary suite accommodates a king bed and features an ensuite with step-in shower. Secondary bedrooms fit queen beds comfortably. Main bath offers a tub-shower combo and extra cabinetry. Large grassy backyard with chain-link fence and storage shed. Plenty of storage throughout!

Investor Tools

Property Icon
$338,017
Estimated Property Value
$40,000Estimated Mortgage Balance
$320,720Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$921
$338,017
2025
$37,500
$300,517
$338,017
No

Tax History

Year
Tax Paid
Assessed Value
2025
$921
$338,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Unknown
$40,000
No
First
Jun 24, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$17,297
$320,720
94%
5%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
N/A
+$2,385/mo
8.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Cleburne

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1306 Phillips St | Property Details | No Agent List