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$368,000

408 E Mulberry St, Leonard, TX, 75452

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.18 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringLaminate, Linoleum, Tile

Exterior

Lot Size34,238 sqft

Building Information

Year Built1968
Garage Spaces1

Land Information

APN89295
Lot Number11-14
Land UseResidential
Legal DescriptionCOLLEGE ADDN, BLOCK 12, LOT 11-14, ACRES .786
Census Tract950701
Assessed Land Value$121,890
Assessed Improvement Value$167,670
Assessment Year2025

About this property

Spacious Home on Over .75 Acre in Town – Close to Schools This beautifully sized property offers the best of both worlds: in-town convenience and over three-quarters of an acre with a huge fenced backyard perfect for gatherings, pets, and play. Inside, you’ll find a separate dining room, warm and welcoming family room with fireplace, oversized kitchen with built in bar, three spacious bedrooms and three bathrooms downstairs, plus a private master suite with a full bath upstairs—providing plenty of room for everyone. The home was in the process of being updated, and many improvements are already complete: New Roof New flooring AC & heating unit (downstairs) approximately 4 years old Built-in range and double oven (5 years old) Brand new roof (2024) Smart home lighting Fresh interior paint Partially remodeled bathrooms (with additional purchased materials onsite, ready for finishing) With so many updates already in place, this home is ready for your finishing touches and personal style. The seller is motivated and willing to consider leaving appliances, making this a fantastic opportunity for a new family to move in and create lasting memories.

Investor Tools

Property Icon
$368,000
Estimated Property Value
$106,044Estimated Mortgage Balance
$272,085Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,208 /month
Positive
Cash Flow Estimate:
$736 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,321
$289,560
2025
$121,890
$167,670
$289,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,321
$289,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Tiaa Fsb Holdings Inc
Conventional
$106,044
No
First
May 26, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,915
$272,085
73%
26%
$636/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: Leonard

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408 E Mulberry St | Property Details | No Agent List