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$1,997,000

NAL Estimated Property Value

10942 Merrill Road, Pilot Point, TX, 76258

$2,596,100 ARVInfo
Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,452 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$404.31 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size15.24 acres

Building Information

Year Built1995
Stories2
Roof Type105
Garage Spaces16

Land Information

APNR179618
SubdivisionW. Gorham
Land UseAgriculture / Farming
Legal DescriptionA0497A W. GORHAM, TR 10B, 15.239 ACRES
Census Tract020118
Assessment Year2025

About this property

Gorgeous 15+ acre property near Lake Ray Roberts. A unique property that offers a beautiful 4,452 sq ft house with wood floors throughout (NO Carpet). An open concept floorplan that overlooks the pool. Your new office, located on the 1st floor, offers an alluring view of the property overlooking one of the ponds. Large bedrooms throughout. Master bedroom offers a spacious lounge area, double sided fireplace to your master bathroom that includes vanity seating, jet tub, and walk in closet. Game room has the perfect set up including a wet bar, mini fridge, and built in cabinets. Enormous barn with 3 units one of which includes a loft for extra storage, 2 ponds, 3 feeding barns, all right next door to the lake.

Investor Tools

Property Icon
$1,997,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,997,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$2,596,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,982 /month
Positive
Cash Flow Estimate:
$3,994 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,789/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,480
$1,133,961
2025
N/A
N/A
$2,028,192
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,480
$1,133,961

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,997,000
100%
0%
$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.

Explore Texas Explore This Area
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: Pilot Point

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10942 Merrill Road | Property Details | No Agent List