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$60,000

2338 Road 5838, Cleveland, TX, 77327

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size10,019 sqft

Land Information

APNR258724
Lot Number9200
SubdivisionSanta Fe, Sec 9-A
Land UseVacant Land
Legal DescriptionSANTA FE, SEC 9-A, BLOCK 181, LOT 9200, ACRES 0.2300
Census Tract700302
Assessed Land Value$41,240
Assessment Year2025

About this property

Build your dream home on this fully cleared lot located in a thriving area surrounded by new construction, modern stores, and highly rated schools. Nestled in a calm and desirable neighborhood, this property offers the perfect balance of peaceful living and everyday convenience. With utilities nearby and ample space to design exactly what you want, the possibilities are endless. Whether you’re looking to create a custom home or secure a smart investment, this lot stands out as an exceptional opportunity. Priced below market value, it offers immediate equity and strong future growth potential in an area that continues to develop rapidly. Don’t miss your chance to own land in one of the most promising locations around.

Investor Tools

Property Icon
$60,000
Estimated Property Value
$40,845Estimated Mortgage Balance
$22,985Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$360 /month
Positive
Cash Flow Estimate:
$120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$88/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$761
$41,240
2025
$41,240
N/A
$41,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$761
$41,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colony Ridge Land Llc
Purchase Money Mortgage
$40,845
No
First
Jun 19, 2021
Jul 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,015
$4,225
10%
62%
$245/mo

Learn About the Market: Opportunity in Texas

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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: Cleveland

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2338 Road 5838 | Property Details | No Agent List