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$375,000

NAL Estimated Property Value

10301 S County Road 1138, Midland, TX, 79706

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
price_per_sqft$214.29 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesElectric Water Heater, Electric Range, Electric Cooktop
FlooringVinyl

Exterior

Lot Size4.81 acres

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APNR000003831
SubdivisionT&P R R Co Survey
Land UseResidential
Legal DescriptionACRES: 4.810 SW/4 SEC: 3 BLK: 38-T3S
Census Tract010124
Assessed Land Value$57,720
Assessed Improvement Value$11,990
Assessment Year2025

About this property

RARE NEARLY 5 ACRE PRIVATE UNRESTRICTED PROPERTY! Features a cozy 3 bedroom, 2 bath home with major upgrades including HVAC, double pane windows, R/O system, 4 year old septic, and 3 water wells with storage tanks. Also includes a versatile workshop and additional 200 amp service perfect for an RV, manufactured home, or future expansion. Enjoy peaceful mornings and cozy evenings by the fire. Call your favorite realtor today!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$95,380Estimated Mortgage Balance
$279,620Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$820
$69,710
2025
$57,720
$11,990
$69,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$820
$69,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Weststar Mortgage Corp
Conventional
$131,575
No
First
Jan 13, 2014
Feb 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,380
$279,620
74%
25%
$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.

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: Midland

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10301 S County Road 1138 | Property Details | No Agent List