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A+
NoAgentList RatingHow are grades calculated?Info
Days477Days on Market
Views4view

$74,900

523 County Road 2859, Cleveland, TX, 77327

$96,046 ARVInfo
On MarketInfo
Beds2 Beds
Baths1 Bath
Baths660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.48 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListMust-SellDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating OtherHeating Other
AppliancesElectric Oven, Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer
FlooringLaminate

Exterior

Lot Size7,579 sqft

Building Information

Year Built1963
Stories1
Roof Type112
Garage Spaces2

Land Information

APNR50831
Lot Number31
SubdivisionHorseshoe Lakes
Land UseResidential
Legal DescriptionHORSESHOE LAKES, LOT 31 SEC 1, ACRES .174
Census Tract700600
Assessed Land Value$6,820
Assessed Improvement Value$35,460
Assessment Year2025

About this property

Investors special!! Home flooded in April of 2024 and has been gutted out and priced accordingly. Pictures were taken before and when seller had it as an airbnb. Come take a look at this serene lakefront property right on Horseshoe Lake. This cozy lakehouse boasts beautiful wood ceilings, an open concept floor plan, large fully fenced property, and stunning view of the peaceful lake. You can fish right from the fishing pier in the backyard and take your kayak/canoe out on the lake for a day of relaxation. Come get a piece of Heaven before it's too late! Also a walk away from sandy beach on the Trinity River.

Investor Tools

$59,085Estimated Mortgage Balance
$42,915Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$96,045
Rent-to-Value Ratio: 0.72%
Rent Estimate
$612 /month
Positive
Cash Flow Estimate:
$204 /month

Interested in this property?

Cesar Ramirez

Vylla Home

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,076
$42,280
2025
$6,820
$35,460
$42,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,076
$42,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Christina Ovalle Palacios
Seller Carryback / Seller Financing / Seller Take-Back
$63,750
No
First
Jun 30, 2022
Jul 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$59,085
$42,915
42%
58%
$383/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.

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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523 County Road 2859 | Property Details | No Agent List