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$1,067,150

NAL Estimated Property Value

107 N Merlin Dr, Mabank, TX, 75156

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,224 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$359.26 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Gas Range, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters

Building Information

Year Built1985
Roof Type105
Garage Spaces6

Land Information

APN4340-0000-0380-50
Lot Number39,LT
SubdivisionThree Harbors (153)
Land UseResidential
Legal DescriptionLT 39 & PT LT 38 AB 488 T S MITCHELL SUR, THREE HARBORS LT 39 & PT LT 38
Census Tract950905
Assessed Land Value$525,000
Assessed Improvement Value$542,150
Assessment Year2025

About this property

RENOVATED dock and new carpet! Watch spectacular yearly sunrise-sunset views from this 3 bedroom beauty in Three Harbors! Enjoy the large grassy front yard with water views or relax in the screened gazebo with open waterfront facing Enchanted Isle. Big water views from living-dining, kitchen and master. BBQ on the spacious open deck or prepare your favorite meal in the gourmet kitchen featuring new stainless appliances including top of the line dual fuel range. Master suite has sitting area, built-in desk, private patio facing lake, walk-in closet & jacuzzi tub with native Texas stone surround. Two bedrooms up PLUS office area for working remotely. Roof replaced in 2020, new glass doors and windows on first floor, full size laundry, rustic knotty pine woodwork. Wonderful breezes with south facing home.

Investor Tools

Property Icon
$1,067,150
Estimated Property Value
$126,446Estimated Mortgage Balance
$940,704Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,403 /month
Positive
Cash Flow Estimate:
$2,134 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$861/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,992
$1,067,150
2025
$525,000
$542,150
$1,067,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,992
$1,067,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$200,000
No
First
Dec 12, 2010
Feb 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,446
$940,704
88%
12%
$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: Mabank

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107 N Merlin Dr | Property Details | No Agent List