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$525,000

217 Observation Drive N, Aledo, TX, 76008

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,386 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.03 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Gas Cooktop, Gas Water Heater
FlooringCeramic Tile, Vinyl

Exterior

Lot Size7,928 sqft

Building Information

Garage Spaces2

Land Information

APNR000116880
Lot Number18
SubdivisionParks Of Aledo Bluffs
Land UseVacant Land
Legal DescriptionACRES: 0.182 LOT: 18 BLK: D SUBD: PARKS OF ALEDO BLUFFS PC E-706
Census Tract140707
Assessed Land Value$75,000
Assessed Improvement Value$469,008
Assessment Year2025

About this property

Parks of Aledo – The Bluffs — built in 2023 and offering exceptional value in one of the area’s most sought-after, family-oriented communities. Priced aggressively below current active listings in The Bluffs, below the price per square foot of pending homes, and competitively positioned against recent neighborhood sales, this home presents an outstanding opportunity for buyers seeking style, location, and value. From the moment you arrive, the inviting curb appeal and charming character immediately make you feel at home. Inside, thoughtfully selected updates and stylish finishes create a warm yet modern feel throughout. The functional open-concept floor plan is designed for both everyday living and effortless entertaining, featuring bright, welcoming spaces that flow seamlessly between the kitchen, dining, and main living areas. Designer wallpaper accents add personality and elevated style that make this home truly stand out.Step outside to enjoy a spacious backyard offering plenty of room for play, entertaining, or simply relaxing at the end of the day. Conveniently located near top-rated schools, daycare options, parks, shopping, dining, and everyday conveniences, this location makes busy family life easy while offering quick access to Interstate 20 for an effortless commute. Move-in ready, beautifully maintained, and located in a neighborhood known for community, connection, and lifestyle — this adorable home is proof that sometimes the perfect fit really does exist.

Investor Tools

$500,947Estimated Mortgage Balance
$43,061Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

Interested in this property?

Sara Watkins

Briggs Freeman Sotheby's Int'l

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$544,008
2025
$75,000
$469,008
$544,008
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$544,008

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$515,490
Yes
First
Nov 19, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$500,947
$43,061
7%
92%
$3,091/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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217 Observation Drive N | Property Details | No Agent List