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$189,000

31 Retama Dr, Morgans Point Resort, TX, 76513

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,134 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesExhaust Fan, Electric Range, Electric Water Heater, Refrigerator, Water Heater, Washer, Some Electric Appliances, Microwave
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPorch, Patio, Rain Gutters
Lot Size6,804 sqft

Building Information

Year Built1982
Stories1
Garage Spaces1

Land Information

APN22834
Lot Number4
SubdivisionMorgans Point Resort Section 18
Land UseResidential
Legal DescriptionMORGANS POINT RESORT SECTION 18, BLOCK 005, LOT 0004
Census Tract020203
Assessed Land Value$22,000
Assessed Improvement Value$165,645
Assessment Year2025

About this property

Tucked away among mature trees. This well maintained and exceptionally clean two bedroom, two bath home offering comfortable living just minutes from beautiful Lake Belton and town amenities. The home features a functional kitchen with butcher block countertops and dining room combination, generously sized bedrooms, and a comfortable layout designed for easy everyday living. Recent improvements include roof and water heater, adding peace of mind for the next owner. The back porch is screened in, for additional laundry and storage space. Enjoy the relaxed atmosphere of Morgan's Point Resort, where local deer and other wildlife are a familiar sight through out the neighborhood. Lake Belton access is just a short drive, making it easy to enjoy everything lake life has to offer. You will have access to the community pool and park. Located in the Belton ISD. This inviting property offers a wonderful combination of cleanliness, thoughtful maintenance, convenient lake access and the peaceful Central Texas Lifestyle. The home offers a single car garage and a covered carport. Outdoor space to enjoy the outdoors and the local wildlife.

Investor Tools

$68,876Estimated Mortgage Balance
$138,124Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month

Interested in this property?

Jeany Warneke

Covington Real Estate, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$175/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,067
$145,244
2025
$22,000
$165,645
$187,645
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,067
$145,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texell Cu
Conventional
$75,000
No
First
May 24, 2022
Jun 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,876
$138,124
66%
33%
$450/mo

City: Morgans Point Resort

31 Retama Dr | Property Details | No Agent List