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$321,000

NAL Estimated Property Value

228 Neal Rd, Wharton, TX, 77488

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,344 Sq Ft
price_per_sqft$97.06 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Range, Electric Oven

Exterior

Lot Size29,900 sqft

Building Information

Year Built1975

Land Information

APN12406
Lot Number10
Land UseResidential
Census Tract740400
Assessed Land Value$30,888
Assessed Improvement Value$280,169
Assessment Year2025

About this property

NEVER HAS FLOODED!! Waterfront on Caney Creek on over 1/2 an acre! Spacious 3 bed, 2 bath home with 2 living areas and a sunroom! Huge yard that slopes down to the creek makes for great outdoor activities. Storage building on a slab, 2 car carport and a wonderful "at home" feel with this modestly priced home. Recently replaced roof and A/C. Recently painted eaves & gables. You must make an appointment to see this modestly price home before it's gone!

Investor Tools

Property Icon
$321,000
Estimated Property Value
$198,705Estimated Mortgage Balance
$122,295Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,926 /month
Positive
Cash Flow Estimate:
$642 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,671
$311,057
2025
$30,888
$280,169
$311,057
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,671
$311,057

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$225,040
No
First
May 29, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,705
$138,295
41%
62%
$1,350/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: Wharton

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228 Neal Rd | Property Details | No Agent List