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$279,000

NAL Estimated Property Value

1401 Waterstone Drive, Brownwood, TX, 76801

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,626 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$162.92 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2.5Bathrooms 2.5
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard

Building Information

Garage Spaces2

Land Information

APN20053248
Land UseResidential
Legal DescriptionWATERSTONE ADDITION, THE WATERSTONE CONDOS, UNIT 1401
Census Tract951100
Assessed Land Value$16,370
Assessed Improvement Value$212,460
Assessment Year2025

About this property

PRICE DROP of $10,000 PLUS $3500 in closing cost assistance with an acceptable offer, interest rate buy down assistance, OR pre-paid HOA fees!!! This stunning abode is beyond compare with window treatments in all rooms, as well as master closet shelving, & elite dimmer switches. All appliances, including a 6-month-old washer & dryer, come with the property. Ideally located in Brownwood, this home is tucked away in a serene, park-like oasis with access to a community clubhouse & pool. The greenbelt & wet weather creek adjacent to the back patio create a picturesque spot to sip coffee & view local deer. The airy layout offers ample space for hosting, & the soaring ceilings amplify the roominess. With upscale 3 foot ceramic plank flooring & granite counters, the home is both chic & low-maintenance. The master suite boasts a spacious bedroom & a lavish bath featuring a roomy shower, separate tub & dual sinks. The custom closet design maximizes the area for simple organization.

Investor Tools

Property Icon
$279,000
Estimated Property Value
$247,788Estimated Mortgage Balance
$31,212Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,837
$228,830
2025
$16,370
$212,460
$228,830
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,837
$228,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Commercial
$260,000
No
First
Oct 6, 2023
Sep 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,788
$31,212
11%
89%
$1,559/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: Brownwood

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1401 Waterstone Drive | Property Details | No Agent List