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$425,000

1089 Mickelson Drive, Granbury, TX, 76048

$425,446 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,249 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.97 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size12,327 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APN17585.005.0008.0
Lot Number8
SubdivisionHarbor Lakes
Land UseResidential
Legal DescriptionACRES: 0.283 LOT: 8 BLK: 5 SUBD: HARBOR LAKES SECTION 14
Census Tract160206
Assessed Land Value$75,000
Assessed Improvement Value$373,380
Assessment Year2025

About this property

Discover the perfect blend of modern elegance and small-town charm in this stunning brick-and-stone home located on a corner lot in Granbury's highly desirable gated Harbor Lakes community. This single-story home offers 3 bedrooms, 2 baths, an office near the front entry with a closet that can easily serve as a 4th bedroom, a 2-car garage, and an open-concept floor plan. The eat-in kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a large center island with sink and breakfast bar, all opening to the spacious living area with a corner fireplace. The primary suite offers dual vanities, a garden tub, separate shower, and a generous walk-in closet. Conveniently located with easy access to shopping, dining, everyday conveniences, and major highways. Enjoy quick access to Lake Granbury's boat ramps, parks, and waterfront dining, while the award-winning Historic Granbury Square is just minutes away, offering boutique shopping, local restaurants, live entertainment, and year-round community events. All measurements, square footage, and school information are approximate and should be independently verified. This property is owned by the Secretary of Veterans Affairs and is being sold AS IS. Visit VRMProperties for more information.

Investor Tools

$405,809Estimated Mortgage Balance
$51,191Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$425,445
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,742 /month
Positive
Cash Flow Estimate:
$914 /month

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Susy Saldivar Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$688/month
$1,160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,965
$448,380
2025
$75,000
$373,380
$448,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,965
$448,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage & Investment Consultants Inc
Va
$441,073
Yes
First
Apr 15, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$405,809
$51,191
11%
89%
$2,645/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: Granbury

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1089 Mickelson Drive | Property Details | No Agent List