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$302,960

NAL Estimated Property Value

187 County Road 1313, Morgan, TX, 76671

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,400 Sq Ft
price_per_sqft$213.57 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size16,945 sqft

Building Information

Year Built1955

Land Information

APNR07199
Land UseResidential
Legal DescriptionBESTVIEW LAKESIDE VLG BLOCK 7, 7 1/2, & ABNDD OPAL DRIVE
Census Tract950300
Assessed Land Value$212,824
Assessed Improvement Value$90,136
Assessment Year2025

About this property

LIFE IS GOOD in this CHARMING & COZY LAKEFRONT HOME. This lakefront home boasts a cozy and inviting atmosphere with two spacious bedrooms and baths. In 2001 an additional 500 sq ft was added bringing the total to 1400. This addition added the second large bedroom, extra living space, and a full bath with its own access to the screened porch and deck. Perfect for comfortable living. The highlight of this home is the 180-degree breathtaking views of the lake where you can relax and soak in the views for as far as the eye can see. Whether you're enjoying your morning coffee, grilling out with family and friends, or simply unwinding after a long day, this home offers the perfect setting for relaxation and entertaining.

Investor Tools

Property Icon
$302,960
Estimated Property Value
$162,824Estimated Mortgage Balance
$140,136Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$411/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,420
$302,960
2025
$212,824
$90,136
$302,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,420
$302,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$170,000
No
First
Jan 16, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,824
$140,136
46%
54%
$1,020/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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187 County Road 1313 | Property Details | No Agent List