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$275,000

1002 Meridith Drive, Terrell, TX, 75160

$314,872 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,211 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.38 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Lot Size11,012 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.2460.0004.0009.00.06.06
Lot Number9
SubdivisionMeridith
Land UseResidential
Legal DescriptionMERIDITH BLOCK D LOT 9
Census Tract050402
Assessed Land Value$70,000
Assessed Improvement Value$218,110
Assessment Year2025

About this property

Step into a home that offers space, functionality, and a layout designed for both everyday living and entertaining. Featuring two generous living areas, this floor plan gives you the flexibility to host guests, create a second lounge or game room, or simply enjoy multiple spaces to relax. Vaulted ceilings elevate the main living areas, creating an open and inviting atmosphere filled with natural light. The kitchen is both practical and stylish, highlighted by a farmhouse sink and thoughtful design that makes it a central hub of the home. It flows easily into the living spaces, making it ideal for gathering and staying connected. Recent updates include a brand new roof and updated plumbing, providing added confidence and long-term value for the next owner. These key improvements allow you to focus on enjoying the home while knowing major components have already been addressed. Situated in a convenient location, this property offers quick access to all of Terrell’s amenities including shopping, dining, schools, and major highways, making daily commutes and errands simple and efficient. With a combination of space, layout, and key updates, this home presents a great opportunity for buyers looking for comfort, convenience, and value.

Investor Tools

$43,383Estimated Mortgage Balance
$278,617Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$314,871
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$697/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,751
$288,110
2025
$70,000
$218,110
$288,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,751
$288,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$92,000
No
First
Jun 22, 2006
Jul 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$43,383
$278,617
86%
13%
$0/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: Terrell

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