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$200,000

116 County Road 1424, Morgan, TX, 76671

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,056 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$189.39 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Oven, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesDeck, Fire Pit, Lighting, Private Entrance, Private Yard, Storage, Uncovered Courtyard
Lot Size15,125 sqft

Building Information

Year Built2022

Land Information

APNR14747
Lot Number18,19
Land UseResidential Mobile Home
Legal DescriptionPOP SAMPLES STEELE CREEK ACRES ADD #3 BLOCK 4 LOT 18 & 19
Census Tract950300
Assessed Land Value$27,720
Assessed Improvement Value$115,523
Assessment Year2026

About this property

Lake Whitney getaway on a double lot, within walking distance of the water! This 2 bed 2 bath home offers space, versatility, and easy access to the outdoor recreation lake life is all about. Covered front and back porches and a private, open courtyard. The property also includes a workshop, additional storage, covered parking, and a cabana with a fish cleaning sink, so gear stays organized and the catch of the day is easy to clean. There is plenty of room to park your boats, RV, and other recreational vehicles. Bring the family, the friends, and all the gear; there is room for everyone. A separate outbuilding with a half bath, currently used for storage, could be converted back into an ADU, guest space, home office, or craft room, adding flexibility and short-term rental appeal. The community is surrounded by Corps of Engineers land, offering a peaceful setting with nearby trails and endless opportunities for boating, fishing, hiking, and exploring. Whether you’re looking for a weekend retreat, a full-time residence, or an income-producing long- or short-term rental, this property combines usable land, outdoor living areas, storage, parking, and recreational convenience. Enjoy sunrise coffee on the porch, afternoons on the water, and evenings gathered in the courtyard, all within an easy walk of the lake. Buyer to verify short-term rental rules and any deed restrictions.

Investor Tools

$85,857Estimated Mortgage Balance
$158,143Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

Interested in this property?

Lacey Whitehouse

Julie Siddons REALTORS, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,465
$143,243
2026
$27,720
$115,523
$143,243
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,465
$143,243

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paul Tinsley Etal
Purchase Money Mortgage
$87,000
No
First
Jan 6, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,857
$158,143
64%
35%
$522/mo

City: Morgan