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$1,750,000

16240 Cowan Rd, Moody, TX, 76557

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,582 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$677.77 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet

Exterior

Lot Size9.34 acres

Building Information

Year Built2004
Stories1
Roof Type112
Garage Spaces2

Land Information

APN31629 02
SubdivisionP Bland
Land UseFarm & Ranch Improvement - Rural Residence
Legal DescriptionA0068BC P BLAND, 29-2, ACRES 9.34 29-2,
Census Tract020204
Assessed Land Value$8,984
Assessed Improvement Value$172,762
Assessment Year2025

About this property

Located in Bell County near the upper end of Lake Belton, Wildlife Ridge is a 61.9+- acre property that offers a combination of residential improvements, recreational opportunities, and wildlife habitat. The property includes a custom Austin stone home, a large shop with utilities, and access to the Leon River through adjacent Corps of Engineers land. The home is positioned to provide views of the surrounding acreage while maintaining privacy from neighboring properties. A 40x50 shop on a concrete slab is located near the home and is equipped with electricity and a rainwater collection system. The combination of residential and utility improvements supports a variety of uses including agricultural operations, outdoor recreation, or rural living. The acreage includes a mix of open areas and wooded cover that create habitat for native wildlife. Deer, turkey, raccoons, and hogs are commonly observed on the property. A wildlife tax exemption keeps the property taxes at a very reasonable rate. The terrain supports hunting and outdoor recreational activities while also offering areas suitable for trail riding, hiking, or wildlife observation. One of the notable features of the property is access to the Leon River through neighboring Corps of Engineers land. This access provides additional opportunities for fishing, kayaking, and exploring the river corridor. Buyers should independently verify access rights and permitted uses with the appropriate authorities. The property is located approximately: 8 miles from Moody, 20 miles from Temple, 24 miles from Belton, 28 miles from Waco and 70 miles from Austin. This Bell County property may appeal to buyers seeking recreational land with residential improvements, hunting opportunities, and access to outdoor activities. The combination of acreage, wildlife habitat, utility improvements, and proximity to nearby towns supports a variety of potential uses. Owner financing is available.

Investor Tools

Property Icon
$667,000
Estimated Property Value
$0Estimated Mortgage Balance
$667,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

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Jonathan Wise

Whitetail Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$331/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$638
$181,746
2025
$8,984
$172,762
$250,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$638
$181,746

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$569,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Moody

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16240 Cowan Rd | Property Details | No Agent List