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$60,000

277 County Road 1500, Morgan, TX, 76671

$78,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds— Beds
Baths— Bath
Baths3,537 Sq Ft
Year BuiltBuilt in 1970

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size1.46 acres

Building Information

Year Built1970

Land Information

APNR16188
Lot Number203,204
Land UseResidential
Legal DescriptionCEDAR SHORES BLOCK U5 LOT 203,204(S&E SWC),205(E/PT),206(E/PT) & 207(N/PT)
Census Tract950300
Assessed Land Value$48,997
Assessed Improvement Value$571,242
Assessment Year2025

About this property

Welcome to your tranquil oasis nestled in the heart of Cedar Shores—a community where serene lake views meet rustic charm. This delightful property offers a harmonious blend of natural beauty and outdoor adventures. Cedar Shores Estates provides a sense of community. Enjoy picnics, nature walks, and gatherings with fellow residents. Bring your architectural plans and create a home that captures the essence of lakeside living. Whether it’s a cozy cabin, a contemporary retreat, or a traditional farmhouse, these lots offer a canvas for your imagination. No mobile homes allowed per deed restrictions. Site built homes and barndominiums of 1200 square feet and up only.

Investor Tools

$50,655Estimated Mortgage Balance
$615,345Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$78,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,996 /month
Positive
Cash Flow Estimate:
$1,332 /month

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Angela Nichols

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$444/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,995
$620,239
2025
$48,997
$571,242
$620,239
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,995
$620,239

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Financial Inc
Credit Line (Revolving) / Heloc
$90,000
No
First
Apr 9, 2009
May 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,655
$615,345
92%
8%
$540/mo

City: Morgan

277 County Road 1500 | Property Details | No Agent List