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$320,000

NAL Estimated Property Value

6816 Cheatham Dr, Watauga, TX, 76148

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,620 Sq Ft
price_per_sqft$215.99 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size13,068 sqft

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APN34263-2R-5
Lot Number5
SubdivisionRidgecrest Addition-Watauga
Land UseResidential
Legal DescriptionRIDGECREST ADDITION-WATAUGA BLOCK 2R LOT 5
Census Tract113808
Assessed Land Value$55,000
Assessed Improvement Value$215,000
Assessment Year2025

About this property

This updated 3 bedroom 2 bath on about a third of an acre is immaculate inside! The foyer is open and invites you right into the huge living room with fireplace and vaulted ceilings. The kitchen is just off the living room but still in the mix of it all, has great counter space and a great spot for the dining table. Also, easy access to the patio for BBQ time! The bedrooms are split with the primary bedroom located just inside the door from the garage along with the oversized utility room. Two walk in closets in the primary bathroom with a garden tub and separate shower. Updates since the home was built include tile and wood flooring, paint, HVAC, high impact shingles on roof, dishwasher, and solar panels which are paid off and convey with the sale. Enjoy more efficient living, a very large backyard for the pets or that garden, and easy access to major highways. No HOA! **Multiple Offers Received. Best & final due by 6pm Sunday, 3-26-23**

Investor Tools

Property Icon
$320,000
Estimated Property Value
$272,157Estimated Mortgage Balance
$47,843Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$732/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,183
$270,000
2025
$55,000
$215,000
$270,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,183
$270,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jackson Flagstar Centre Office
Conventional
$288,000
No
First
May 18, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,157
$47,843
14%
85%
$1,727/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$1,727/mo
+$763/mo
9.3%

City: Watauga

6816 Cheatham Dr | Property Details | No Agent List