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$333,000

NAL Estimated Property Value

229 County Road 35985, Powderly, TX, 75473

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,128 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$108.04 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Refrigerator
FlooringCarpet, Vinyl

Exterior

Lot Size1.15 acres

Building Information

Year Built2012
Garage Spaces2

Land Information

APN104319
SubdivisionS M Fulton Survey
Land UseResidential
Legal DescriptionA329 S M FULTON SURVEY, TRACT 224, ACRES 1.152, LABEL# HWC0285636
Census Tract000101
Assessed Land Value$23,060
Assessed Improvement Value$27,890
Assessment Year2025

About this property

Welcome to 229 CR 35985 in Powderly, TX. This beautifully remodeled home offers 3 bedrooms, 2 bathrooms, and a versatile bonus space off the primary bedroom—perfect for a home office or nursery. The kitchen features granite countertops and built-in cabinets. New carpet has been installed in the bedrooms, with durable vinyl flooring throughout the main living areas. A spacious living room includes a built-in gas fireplace, perfect for cozy evenings. The primary bathroom showcases a soaker tub, ideal for relaxation, while both bathrooms are updated with granite countertops and stylish gold fixtures. Major updates include a new 30-year composition roof installed in December 2022, a new septic system in 2023, and a new interior central HVAC unit replaced in 2024. This home sits just minutes from Pat Mayse Lake, offering the perfect blend of comfort, convenience, and modern updates.

Investor Tools

Property Icon
$333,000
Estimated Property Value
$59,546Estimated Mortgage Balance
$273,454Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,998 /month
Positive
Cash Flow Estimate:
$666 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$505
$50,950
2025
$23,060
$27,890
$50,950
No

Tax History

Year
Tax Paid
Assessed Value
2022
$505
$50,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers Bank & Trust
Unknown
$64,720
No
First
Feb 11, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$59,546
$273,454
82%
18%
$389/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: Powderly

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229 County Road 35985 | Property Details | No Agent List