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Days74Days on Market
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$148,000

61 Cedar Ridge, Cleveland, TX, 77327

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size41,251 sqft

Land Information

APNR279827
Lot Number61
SubdivisionArtesian Lakes
Land UseSmall Vacant Tracts Of Landvacant Lots/Tracts
Legal DescriptionARTESIAN LAKES, LOT 61, SEC 8, ACRES 0.947
Census Tract700600
Assessed Land Value$110,840
Assessment Year2025

About this property

Lake front, wooded lot in small (102 lots), gated community one hour from downtown Houston.The Artesian Lakes subdivision is a natured-oriented community with all waterfront lots and only one public man-made structure: The Boathouse. Fishing, boating (only electric motors allowed), and hiking on several nature trails are main activities. The community is adjacent to The Retreat at Artesian Lakes, which offers amenities such as a restaurant, swimming pool, fitness center, stables, and sports courts.

Investor Tools

$109,935Estimated Mortgage Balance
$905Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$888 /month
Positive
Cash Flow Estimate:
$296 /month

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James Smith

Charlotte Gilpin, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$170/month
$3,180/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,485
$110,840
2025
$110,840
N/A
$110,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,485
$110,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Atresia Cu
Unknown
$118,400
No
First
Aug 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,935
$905
0%
99%
$710/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: Cleveland

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61 Cedar Ridge | Property Details | No Agent List