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$190,000

255 County Road 1304, Morgan, TX, 76671

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,116 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$77.96 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric 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

Property Icon
$190,000
Estimated Property Value
$57,000Estimated Mortgage Balance
$142,160Estimated Equity
70% 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

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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

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: Morgan

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255 County Road 1304 | Property Details | No Agent List