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$499,932

NAL Estimated Property Value

107 Martinek Ln, Palmer, TX, 75152

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,187 Sq Ft
price_per_sqft$240.05 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Grill, Outdoor Kitchen, Playground
Lot Size1.49 acres

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.6880.002.007.00.103
Lot Number7
SubdivisionNorth Ridge Est
Land UseResidential
Legal DescriptionLOT 7 BLK 2 NORTH RIDGE EST 1.49 AC
Census Tract061700
Assessed Land Value$110,000
Assessed Improvement Value$389,932
Assessment Year2025

About this property

When it is HOT, BUY A POOL! Front door to the french doors this house has space for the family with 4 bedrooms and 3 bathrooms, large utility room, a formal dining area that can easily be a flex space with a kitchen to living room flow ready for football season OR watch the game out back under the covered patio enjoying your outdoor kitchen and in-ground pool OR go out to the 2000 sq ft shop to watch the game out there. Are you noticing a theme? SPACE and it's sitting on 1.49 acres with a long driveway. The large shop has a closed off area with a full bathroom and partially finished kitchen area including hot water heater. And there is a storage building on sight as well if you still have more to store. Open House 8.6 11a-1p.

Investor Tools

Property Icon
$499,932
Estimated Property Value
$366,913Estimated Mortgage Balance
$133,019Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$822/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,362
$499,932
2025
$110,000
$389,932
$499,932
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,362
$499,932

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$393,750
No
First
Sep 6, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$366,913
$133,019
26%
73%
$2,361/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$2,361/mo
$-341/mo
4.8%

City: Palmer

107 Martinek Ln | Property Details | No Agent List