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$209,000

NAL Estimated Property Value

153 County Road 1519, Morgan, TX, 76671

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,200 Sq Ft
price_per_sqft$120.83 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesNone
FlooringConcrete

Exterior

Private PoolPrivate Pool

Building Information

Year Built2016
Garage Spaces1

Land Information

APNR13373
Lot Number86,87
Land UseResidential
Legal DescriptionCEDAR SHORES BLOCK U5 LOT 86 & 87(PT)
Census Tract950300
Assessed Land Value$11,625
Assessed Improvement Value$159,954
Assessment Year2025

About this property

Full of potential and as versatile as they come. This unique two-bedroom, one-bath barndominium offers flexibility for a full-time residence, weekend retreat, or income-producing short-term rental. The open-concept living area provides a functional, adaptable layout with a roll-up garage door that opens the space to the outdoors, creating an ideal setup for entertaining or relaxed lake living. The primary bedroom is positioned toward the back of the home for added privacy, with a secondary bedroom and full bathroom completing the interior. Outside, an above-ground pool with surrounding deck and elevated bar creates the perfect space for gathering and enjoying warm Texas days. An oversized single-car garage offers plenty of room for storage and lake gear. Conveniently located in a neighborhood with a boat ramp just minutes away, this property is built for enjoying the lake lifestyle while offering strong versatility and future potential.

Investor Tools

Property Icon
$209,000
Estimated Property Value
$0Estimated Mortgage Balance
$209,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,254 /month
Positive
Cash Flow Estimate:
$418 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,953
$171,579
2025
$11,625
$159,954
$171,579
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,953
$171,579

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$209,000
100%
0%
$0/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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