7view

Owner Contacts

$335,000

1053 Elm Crest Dr, New Ulm, TX, 78950

Under Contract

3 Beds

2 Bath

1,068 Sq Ft

$313.67 / sqft

Built in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDryer, Free Standing Electric Oven, Refrigerator, Washer

FlooringLaminate

Exterior

Exterior FeaturesSee Remarks

Building Information

Year Built2022

Land Information

APN143000000380*

Lot Number38

Land UseMobile Home No Land

Legal DescriptionLT 38 CEDARCREST, M/H ONLY, SER#FLE240TX2247818A/B, LABEL# PFS1311642/43

Census Tract750400

Assessed Improvement Value$98,240

Assessment Year2025

About this property

NEW PRICE! MAIN HOUSE + GUEST HOUSE! Welcome to 1053 Elm Crest Drive in New Ulm, nestled in the Cedarcrest subdivision with light restrictions. This private 5-acre retreat is surrounded by a beautiful variety of trees, creating a peaceful setting that’s perfect for nature lovers and those seeking a weekend ranch getaway. The 2022 ranch-style mobile home offers three bedrooms, two baths, and an open kitchen and living area with an island, plus a dedicated laundry room—designed for comfortable country living. Adding even more flexibility is a stucco one-bedroom casita complete with its own living room and kitchen, ideal for use as a guest house, private retreat for visitors, or extended family space. An electric gated entrance provides privacy and security, while the serene surroundings invite you to relax, explore, and enjoy the beauty of rural life. A rare opportunity to own a quiet escape with space, comfort, and versatility in sought-after Cedarcrest.

Investor Tools

$0Estimated Mortgage Balance

$341,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,046 /month

Positive

Cash Flow Estimate:

$682 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$243/month

$400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,213

$98,240

2025

N/A

$98,240

Tax History

Year

Tax Paid

Assessed Value

2025

$1,213

$98,240

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$373,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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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