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$280,000

NAL Estimated Property Value

1005 Meadow Oaks Street, Reno, TX, 76020

Off MarketInfo
Baths0 Bath
Baths2,432 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size37,287 sqft

Land Information

APN15540-001-056-00
Lot Number56
SubdivisionNewsom Estates
Land UseResidential
Legal DescriptionACRES: 0.856 LOT: 56 SUBD: NEWSOM ESTATES
Census Tract140413
Assessed Land Value$80,000
Assessed Improvement Value$200,000
Assessment Year2025

About this property

Amazing location for this almost one acre lot at the end of a cul de sac on a paved road. All utilities are already in place. There is an old mobile home on the property that will need to be removed. It is not livable. The property is fully fenced with a chain link fence. Either bring in a new mobile home or build a home. Since utilities are in place, that is one less cost and planning to do. Just find your new home and place it on the land after old mobile removal or bring your builder and build a new home. Property is close to Lake Weatherford and all the fun activities the lake has to offer. Close to Azle shopping, restaurants and medical. Property has city water and trash services while being on septic. The lateral lines were replaced approximately 10 years ago according to previous owner. Awesome place to also build a barndo. Seller will consider owner financing and may be able to assist with removal of old home if negotiated in contract.

Investor Tools

Property Icon
$280,000
Estimated Property Value
$82,210Estimated Mortgage Balance
$197,790Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$280,000
2025
$80,000
$200,000
$280,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$280,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pioneer Land & Cattle Co
Unknown
$85,000
No
First
Jul 12, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,210
$197,790
70%
29%
$510/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.

Explore Texas Explore This Area
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: Reno

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1005 Meadow Oaks Street | Property Details | No Agent List