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$177,000

NAL Estimated Property Value

217 Center, Brady, TX, 76825

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,902 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.37 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Laminate, Tile

Exterior

Lot Size9,060 sqft

Building Information

Year Built1970

Land Information

APN23455
Land UseResidential
Legal Description2 7SIMPSON LAKE
Census Tract950400
Assessed Land Value$12,440
Assessed Improvement Value$139,770
Assessment Year2025

About this property

This 1900 plus square foot, two story vacation style home is situated in the Simpson Lake Club addition and is almost surrounded by Brady Lake. A unique and one-of-a-kind frame structure. The neighborhood is a Homeowners association and is the only entity that owns shoreline on the lake. Private boat ramp, slips, fishing dock, and beach area are only available to people residing here. First story has two large bedrooms with a full bath plus a large living area. The second story can be accessed from inside or out and features another smaller bedroom, a full kitchen with dining and additional living area which exits onto a large deck facing east for shade and comfort during the evening hours. Much remodeling. Ceiling fans throughout. Tile upstairs and laminate downstairs with carpeted bedrooms. New windows all around. This neighborhood is accessible by one road in and out making it very quiet and private with very little through traffic. This home sits on two lots.

Investor Tools

Property Icon
$177,000
Estimated Property Value
$94,010Estimated Mortgage Balance
$82,990Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,077 /month
Positive
Cash Flow Estimate:
$359 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,061
$152,210
2025
$12,440
$139,770
$152,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,061
$152,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Central Texas
Conventional
$100,000
No
First
Feb 28, 2023
Mar 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,010
$82,990
46%
53%
$600/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: Brady

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