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$713,360

NAL Estimated Property Value

284 Observation Dr N, Aledo, TX, 76008

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,097 Sq Ft
price_per_sqft$209.56 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Garden
Lot Size8,189 sqft

Building Information

Stories2
Garage Spaces3

Land Information

APNR000116842
Lot Number51
SubdivisionParks Of Aledo Bluffs
Land UseVacant Land
Legal DescriptionACRES: 0.188 LOT: 51 BLK: C SUBD: PARKS OF ALEDO BLUFFS PC E-706
Census Tract140707
Assessed Land Value$75,000
Assessed Improvement Value$638,360
Assessment Year2025

About this property

Beautiful NEW custom home backing up to NO NEIGHBORS in Parks of Aledo - Bluffs! MOVE-IN READY. Light & bright, this 4-bed 3-bath PLUS a game room has it all - location, design & great flow - and a 3-car garage! A new build by Jobe Homes, no detail was spared: quartz countertops, designer lighting & tile, and custom kitchen cabinets floor to ceiling, you will LOVE this open floor plan! Relax in the freestanding luxury master bathtub, cozy up to the traditional fireplace with high-end built-ins, or head out to the covered back patio! Backyard is surrounded by mature trees and backs up to back fields for Aledo ISD, so no neighbors! Extensive structural upgrades - luxury molding, 8-foot wood front door, epoxy garage floors & upgraded HVAC and foam attic insulation! Includes 10-year foundation warranty. Parks of Aledo has miles of hike & bike trails, an active community with tons of neighborhood events, multiple parks, a dog park & community garden.

Investor Tools

Property Icon
$713,360
Estimated Property Value
$551,551Estimated Mortgage Balance
$161,809Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,280 /month
Positive
Cash Flow Estimate:
$1,427 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,165/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$713,360
2025
$75,000
$638,360
$713,360
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$713,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$519,200
No
First
Aug 25, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$551,551
$161,809
22%
77%
$3,473/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: Aledo

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284 Observation Dr N | Property Details | No Agent List