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$188,000

NAL Estimated Property Value

2989 County Road 2040, Powell, TX, 75153

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
price_per_sqft$176.81 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Vented Exhaust Fan
FlooringLaminate

Exterior

Lot Size2.16 acres

Building Information

Year Built2020
Stories1

Land Information

APN48504
SubdivisionW Gilbert Abst
Land UseResidential
Legal DescriptionABS A10326 W GILBERT ABST TRACT 12B 2.164 ACRES SN1 CLW049597TX
Census Tract970100
Assessed Land Value$93,870
Assessed Improvement Value$67,330
Assessment Year2025

About this property

2020 Clayton Home Anniversary Farmhouse Edition on 2.2 fully fenced acres in Corsicana ISD! This 3 bedroom, 2 bath split floor plan offers the privacy and space most buyers are looking for. The living room features decorative ceiling beams, and a built-in entertainment wall. The kitchen is well equipped with a stainless farmhouse sink, plenty of cabinet storage, recessed lighting, and black Frigidaire appliances including a dishwasher, range and microwave. The eat-in kitchen features a sliding glass door with access to the newly added back porch. The primary bedroom is spacious and connects to a private ensuite featuring a soaking tub, dual vanity sinks, separate shower, and built-in shelving. Secondary bedrooms are comfortable in size with good natural light.Step outside to the covered 10x20 back porch addition, a great spot to relax and take in the open pasture views. The lofted storage shed with electricity and a window AC unit adds real versatility, whether you need extra storage, a hobby space, or a personal retreat. A dedicated dog kennel area rounds out the back of the property. Additional highlights include a roof approximately one year old with hurricane rated shingles, a current survey on file, and the property has been retrofit. Plenty of room to breathe with trees, open pasture, and the peace and quiet of country living just minutes from Corsicana.

Investor Tools

Property Icon
$188,000
Estimated Property Value
$131,761Estimated Mortgage Balance
$56,239Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$953
$142,780
2025
$93,870
$67,330
$161,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$953
$142,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Unknown
$144,287
No
First
Nov 2, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,761
$56,239
29%
70%
$866/mo

City: Powell

2989 County Road 2040 | Property Details | No Agent List