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B+
NoAgentList RatingHow are grades calculated?Info
Days23Days on Market
Views1view
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$425,000

200 Wheat Cir, Blackwell, TX, 79506

$438,890 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,636 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.23 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesCooktop, Electric Cooktop, Electric Range, Microwave, Oven, Stainless Steel Appliance(s), Water Purifier, Water Softener Rented, Electric Water Heater

Exterior

Exterior FeaturesAwning(s), Private Entrance, Private Yard
Lot Size1 acre

Land Information

APN140002040305004000000
Lot Number1
Land UseResidential
Legal DescriptionABST 204 SEC 305 JOEL HOLLEMAN LOT 1 TRACT 4
Census Tract950100
Assessed Land Value$2,500
Assessed Improvement Value$125,500
Assessment Year2025

About this property

Escape to your own private lakefront retreat on Oak Creek Lake nestled on a fully deeded one acre lot. This beautifully remodeled home blends peaceful country living with modern comforts. Inside, you'll find thoughtful updates including new plumbing, flooring, roof, HVAC system, mini-split, and more. The kitchen features a dedicated baking center perfect for anyone who loves to cook and entertain. Outside, enjoy a covered 2-space carport, RV storage, a productive gardening area, and a spacious fully extending back porch made for soaking in those West Texas sunsets. The recently redone dock, updated within the last 5 years, makes lake access easy for fishing, boating, or just relaxing & enjoying the wildlife. This 4 bedroom home with 2 of those bedrooms offering its own private entrance, makes it ideal for guests, multigenerational living, or a vacation rental opportunity. Surrounded by wildlife, and the peaceful sounds of nature, this exceptional property offers the chance to enjoy lake life, homesteading, or an income producing investment, all in one remarkable package. Don't miss the opportunity to own a piece of West Texas' paradise.

Investor Tools

$0Estimated Mortgage Balance
$470,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$438,890
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

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Summer Caffey

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$737
$128,000
2025
$2,500
$125,500
$128,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$737
$128,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$282,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Blackwell

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