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$499,000

208 Observation Dr N, Aledo, TX, 76008

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,175 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.43 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesGas Cooktop

Exterior

Lot Size6,708 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APNR000116813
Lot Number22
SubdivisionParks Of Aledo Bluffs
Land UseResidential
Legal DescriptionACRES: 0.154 LOT: 22 BLK: C SUBD: PARKS OF ALEDO BLUFFS PC E-706
Census Tract140707
Assessed Land Value$75,000
Assessed Improvement Value$400,000
Assessment Year2025

About this property

This 4 bedroom home has the perfect layout and the finishes really make it feel luxurious! Upon entering you have two bedrooms with a bathroom in between and just down the hall is the open concept kitchen and living space. The kitchen is a dream! The island is huge and it has plenty of cabinet space, plus the living room is cozy with a gas fireplace and lots of natural light. Just off the kitchen is an additional bedroom or a great place for an office. Tucked away on a private lot with no backyard neighbors, this home offers a peaceful setting while still being just minutes from highly acclaimed Aledo ISD schools and easy access to I-20. Located in the heart of Parks of Aledo, one of Parker County’s most sought-after communities, this is a wonderful opportunity to enjoy the lifestyle, amenities, and charm of the neighborhood at an exceptional value.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$540,550Estimated Mortgage Balance
$0Estimated Equity
-9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$784/month
$660/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$475,000
2025
$75,000
$400,000
$475,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$475,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$540,550
No
First
Oct 7, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,707
N/A
0%
102%
$3,241/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: Aledo

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208 Observation Dr N | Property Details | No Agent List