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$764,900

$765,000

1589 Fm 163 Rd, Cleveland, TX, 77327

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$639.55 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating OtherHeating Other

Exterior

Exterior FeaturesStorage

Building Information

Year Built2023
Stories1
Roof Type105

Land Information

APNR280409
SubdivisionThomas Newman
Land UseResidetial Misc Improvements
Legal DescriptionTINY HOME ON 000089 THOMAS NEWMAN, TRACT 24 91
Census Tract700400
Assessed Improvement Value$39,040
Assessment Year2025

About this property

What an incredible opportunity to own this sprawling country estate with 3 houses right next to each other, along with 30 acres of land for livestock or room to build more homes! This is a rare find with an incredible opportunity to develop this unrestricted acreage to your personal desires or business investment on the outskirts of Cleveland in highly desired area of Tarkington. The brick home is 2bedrooms 2 baths & some updates. One home is a 2024 modular 3 bedroom 2 bath home and the other is a 2024 modular 1 bedroom 1bath home. These have separate septic systems & there are 2 water wells on site, along with a 4 car carport. Plenty of storage room w/ 2container style storage units on site. 1 is built out as a work shop with electricity & water. Bring your horses & other livestock to be well kept in the pasture with 4 ponds & working cow pins along w/ a 6 stall barn & covered hay barn w/ water, electricity & dry storage. Plenty of beautiful fruits trees. Come live out your dreams!

Investor Tools

Property Icon
$39,040
Estimated Property Value
$0Estimated Mortgage Balance
$39,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,589 /month
Positive
Cash Flow Estimate:
$1,530 /month

Interested in this property?

Karisa Tinsley

JLA Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$35/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$229
$39,040
2025
N/A
$39,040
$39,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$229
$39,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$39,040
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.

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: Cleveland

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1589 Fm 163 Rd | Property Details | No Agent List