Last 24 Hours
$190,000
NAL Estimated Property Value255 County Road 1304, Morgan, TX, 76671
Off Market
2 Beds
2 Bath
1,116 Sq Ft
$77.96 / sqft
Built in 1980Property Lead Type:
Off-Market ListDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms 2AppliancesElectric Range, Electric Water Heater
FlooringLaminate, Vinyl
Exterior
Lot Size10,106 sqft
Building Information
Year Built1980
Land Information
APNR16649
Land UseResidential
Legal DescriptionBESTVIEW LAKESIDE VLG BLOCK 29(W/PT) ACRES 0.232
Census Tract950300
Assessed Land Value$95,000
Assessed Improvement Value$50,000
Assessment Year2025
About this property
Two for one lake homes close to Steele Creek Park on Lake Whitney. Main home is a 2 bedroom 2 bath and secondary home is a 1 bedroom with a half bath. Both homes will take extensive work. Floor needs to be leveled and most likely replaced in spots. One of the homes is used for storage only. The other home is a rental. This property is in an estate and is being sold as is. Notice required for showings so that dogs can be contained.
Investor Tools
$190,000
Estimated Property Value
$47,840Estimated Mortgage Balance
$142,160Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,637
$145,000
2025
$95,000
$50,000
$145,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$1,637
$145,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joyce M Shannon
Unknown
$57,000
No
First
Jun 1, 2018
Jun 2031
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,840
$142,160
74%
25%
$342/mo
12.4%