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$499,000

212 Observation Drive N, Aledo, TX, 76008

$544,720 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.33 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Cooktop

Exterior

Lot Size7,362 sqft

Building Information

Garage Spaces2

Land Information

APNR000116815
Lot Number24
SubdivisionParks Of Aledo Bluffs
Land UseVacant Land
Legal DescriptionACRES: 0.169 LOT: 24 BLK: C SUBD: PARKS OF ALEDO BLUFFS PC E-706
Census Tract140707
Assessed Land Value$52,500
Assessment Year2025

About this property

This charming 3-bedroom, 2-bath home has such a great feel from the moment you walk in, starting with the cutest front porch, perfect for morning coffee. When you enter, your eyes will immediately be drawn to what's ahead - a cozy living room with a vaulted ceiling, two sets of french doors on either side of the brick fireplace, and a really beautiful kitchen that's light and airy. In the front of the home, you'll find 2 bedrooms with a bathroom in between. And in the back of the house, the spacious primary suite will wow you. There's also an additional flex room that's perfect for an office or a playroom. This home is less than a year old and really feels like brand new construction with some thoughtful upgrades. The pantry shelving was extended and the attic has a ton of additional deck space so there's really no lack of storage in this home. One of the best things about this lot is you have no backyard neighbors and never will! This home is located just around the corner from Aledo High School, with easy access to I20 and everything this charming town has to offer. Parks of Aledo features over 12 miles of hiking and biking trails and amenities like playgrounds, a community garden, pavilion, and dog park.

Investor Tools

Property Icon
$497,000
Estimated Property Value
$0Estimated Mortgage Balance
$103,638Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$544,719
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
$207/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$52,500
2025
$52,500
N/A
$52,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$52,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameritrust Mortgage Corp
Conventional
$399,200
No
First
Jul 3, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$393,362
$103,638
20%
79%
$2,394/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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