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B+
NoAgentList RatingHow are grades calculated? Info

$227,000

2245 County Road 381 S, Cleveland, TX, 77328

$285,895 ARVInfo
SoldInfo
7/13/26
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.44 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher

Exterior

Lot Size39,204 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR146349
SubdivisionThomas Dever
Land UseResidential
Legal Description000169 THOMAS DEVER, TRACT 29, ACRES .9
Census Tract700100
Assessed Land Value$54,000
Assessed Improvement Value$171,980
Assessment Year2025

About this property

Welcome to 2245 County Rd 381 - a beautifully maintained property offering the perfect blend of comfort, functionality and privacy. This 3-bedroom, 2-bath brick home sits behind a fully fenced perimeter with an automatic privacy gate and remote access. Mature oak trees provide shade and character throughout the property. For those needing workspace, storage or room for hobbies, the 30X40 shop is equipped with electricity and three roll-up doors, making it ideal for equipment, vehicles, projects or a home-based business. An additional storage shed provides even more space for tools and outdoor equipment. Recent improvements include updated windows, roof, doors, gutters, and appliances within the last three years. In 2026, the home received a new HVAC system with a transferrable warranty and a new water heater. The water well was updated in 2019. Additional features include a security alarm system with exterior cameras and a 50-AMP breaker with transfer switch for a generator.

Investor Tools

Property Icon
$227,000
Estimated Property Value
$127,000Estimated Mortgage Balance
$100,735Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$285,894
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,208
$225,980
2025
$54,000
$171,980
$225,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,208
$225,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Eagle Fcu
Non-Purchase Money Mortgage / Home Equity
$127,000
No
First
Mar 16, 2026
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,450
$100,550
44%
56%
$762/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: Cleveland

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2245 County Road 381 S | Property Details | No Agent List