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B+
NoAgentList RatingHow are grades calculated? Info

$320,000

407 County Road 3182, Cleveland, TX, 77327

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,739 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.71 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size1.06 acres

Building Information

Year Built1975
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR60333
Lot Number24
SubdivisionNewsalem Park
Land UseResidential
Legal DescriptionNEWSALEM PARK, LOT 24, SEC 2, ACRES 1.06
Census Tract700301
Assessed Land Value$57,660
Assessed Improvement Value$167,580
Assessment Year2025

About this property

OH MY GOODNESS, YOU DON'T WANT TO MISS OUT ON THIS CHARMING 4 BED/2 BATH HOME! SITUATED ON JUST OVER AN ACRE OF LAND & OUT OF OF THE HUSSLE AND BUSSLE OF THE BIG CITY BUT STILL CLOSE ENOUGH TO ENJOY IF YOU DESIRE. THIS IS A GREAT OPPORTUNITY TO OWN A HOME WITH SO MUCH POTENTIAL FOR THE ACRE OF LAND IN THIS QUIET SUBDIVISION WITH NO RESTRICTIONS. MANY UPDATES HAVE BEEN MADE TO THIS AWESOME HOME INCLUDING ALL NEW ELECTRIC PANEL & WIRING, PEX PLUMBING, NEW 20 SEER AC UNITS & ALL NEW DUCT WORK. THERE IS A FANTASTIC 12X20' STORAGE BLDG & A 20X'40 WORKSHOP ON A SLAB W/ POWER. NEW PAINT, NEW LG WALK-IN CLOSET IN THE 1ST FLOOR MASTER AND 3 GREAT BEDROOMS UPSTAIRS. THERE COULD BE EITHER TWO DINING AREAS ADJACENT TO THE KITCHEN OR EVEN A DINING AREA & ANOTHER LIVING SPACE. SO MUCH VERSATILITY AND SO MUCH SPACE. WANT A POOL, GUEST HOUSE? PLENTY OF ROOM HERE. SEE THE UPGRADE LIST ATTACHED. DON'T MISS YOUR CHANCE TO BE THE PROUD NEW OWNER OF THIS FANTASTIC HOME! CALL TODAY FOR YOUR PRIVATE SHOWING!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$277,272Estimated Mortgage Balance
$0Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,314
$225,240
2025
$57,660
$167,580
$225,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,314
$225,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Stand Alone Second / Subordinate Position
$277,272
No
First
Oct 17, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$517,670
N/A
0%
162%
$3,326/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,326/mo
$-1,604/mo
6.5%

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: Cleveland

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