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$644,000

NAL Estimated Property Value

1071 Grimes Rd, Mineral Wells, TX, 76067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,825 Sq Ft
FarmFarm
price_per_sqft$356.16 / sqft
Year BuiltBuilt in 2015

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Dryer, Electric Oven, Microwave, Refrigerator, Washer
FlooringCarpet, Hardwood, Tile

Building Information

Year Built2012

Land Information

APN037720050
Land UseResidential
Legal DescriptionAB 630 TR 4 TE&L CO 2533 (IMP ONLY--PFS1108758/59) G#10630-00-00040-000-00-0 MPHMAKE: PALM HARBOR HOMES INC MPHMODEL: VRTE64F
Census Tract000401
Assessed Improvement Value$114,470
Assessment Year2025

About this property

Discover the perfect blend of country living and convenience on this 27.5± acre property located in Mineral Wells, Texas. Surrounded by mature pecan and oak trees, the land offers a serene setting. The property features a 3-bedroom, 2-bath home with 27 ft by 24 ft carport and 29 ft by 14 ft porch with plenty of potential to make it your own retreat. The acreage is a mix of coastal land and shaded areas, providing versatility for a variety of uses. A 40' x 50' shop with a 12' porch and a 15' overhang on one end adds functionality and storage, with the option to convert into horse facilities or continue as a workshop. Whether you’re looking for a recreational getaway or the opportunity to develop a horse property, this property offers endless possibilities. Enjoy the wide-open space, fresh air, privacy, and the slower pace of country living, all while being surrounded by the natural beauty of Texas.

Investor Tools

Property Icon
$644,000
Estimated Property Value
$0Estimated Mortgage Balance
$644,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$576
$114,470
2025
N/A
$114,470
$114,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$576
$114,470

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$644,000
100%
0%
$0/mo

City: Mineral Wells

1071 Grimes Rd | Property Details | No Agent List