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$224,000

NAL Estimated Property Value

302 Lipscomb, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,322 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.84 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCeramic Tile

Exterior

Lot Size6,251 sqft

Building Information

Year Built2019

Land Information

APN126.2845.00280
Lot Number23
Land UseResidential
Legal DescriptionLOT 23 BLK 702C EASTERN HEIGHTS
Census Tract130900
Assessed Land Value$23,500
Assessed Improvement Value$181,397
Assessment Year2025

About this property

LIKE NEW AND FULL OF CHARACTER IN A GENTRIFIED NEIGHBORHOOD. HIGH CEILINGS. New texture, new doors, new paint, new flooring, new counter tops and cabinets in kitchen and baths, new lighting, new central heat and air, new insulation, and mostly new windows. Gas cook top in kitchen. Rewired with new service panel in 2012. New roof in 2012. Most windows replaced in 2015. New 50 GAL water heater in 2018. Foundation leveled with new piers in 2018.

Investor Tools

Property Icon
$224,000
Estimated Property Value
$267,868Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,643
$204,897
2025
$23,500
$181,397
$204,897
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,643
$204,897

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$165,938
Yes
First
Aug 28, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,868
N/A
0%
120%
$1,802/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,802/mo
+$125/mo
10.3%

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.

Explore Texas Explore This Area
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: Cleburne

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302 Lipscomb | Property Details | No Agent List