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$325,000

294 County Road 1227, Quitman, TX, 75783

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,304 Sq Ft
price_per_sqft$249.23 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesRefrigerator
FlooringCeramic Tile, Laminate

Exterior

Lot Size25,265 sqft

Building Information

Year Built2015
Garage Spaces2

Land Information

APN34369
Land UseResidential
Legal DescriptionLOT 14 .58 PARADISE SHORES (CALDERON SURVEY A-98 ALSO)
Census Tract950303
Assessed Land Value$7,980
Assessed Improvement Value$187,360
Assessment Year2025

About this property

2 CABINS for a combined total of 3 bedrooms and 2 bathrooms and approximately 2,000 square feet between both cabins in Paradise Cove! This unique property offers two metal cabins plus an additional metal building; all tucked away on a quiet cul-de-sac with no known restrictions. The main cabin features 2 bedrooms, 1 bath, a one-car attached garage with loft storage, metal carport, and a covered back patio overlooking beautiful backyard with mature trees and a deer feeder. The second cabin includes 1 bedroom, 1 bath, kitchenette, storage area, and a covered awning ideal for extended parking or boat storage. A separate metal building with awning provides even more room for boats, storage, workshop space, or the potential to convert into a third cabin. Situated on 0.58 deeded acres plus leaseback with creek access to Lake Fork (not suitable for boat access), this property is currently operating as a successful short-term rental and is perfect for investment potential, multi-family use, or weekend lake getaways. With an acceptable offer, furniture and appliances can convey, making this property truly turnkey ready. Enjoy privacy and peaceful surroundings on a dead-end street while remaining close to lake amenities and local conveniences.

Investor Tools

$124,332Estimated Mortgage Balance
$197,668Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Kristine Samples

Lone Star Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,930
$195,340
2025
$7,980
$187,360
$195,340
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,930
$195,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$138,000
No
First
Mar 18, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,332
$197,668
61%
39%
$828/mo

City: Quitman

294 County Road 1227 | Property Details | No Agent List