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$200,000

1106 N Fm 1138, Nevada, TX, 75173

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,152 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.61 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesNone

Exterior

Lot Size1.12 acres

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APNR-6554-002-0520-1
Lot Number52
SubdivisionJohn Mcminn Survey
Land UseResidential
Legal DescriptionABS A0554 JOHN MCMINN SURVEY, SHEET 2, TRACT 52, 1.117 ACRES; SN1: OC04881630A, SN2: OC04881630B, HUD1: TEX0423591, HUD2: TEX
Census Tract031201
Assessed Land Value$94,945
Assessed Improvement Value$117,395
Assessment Year2025

About this property

Charming 3-bedroom mobile home on over an acre lot in Nevada, TX! This updated home offers an open-concept layout with great natural light, a spacious kitchen with eat-in dining, and a comfortable primary suite with walk-in closet. Three additional bedrooms provide plenty of flexibility for family, guests, or a home office. Enjoy the freedom of no HOA, an oversized driveway for extra parking, and endless possibilities. There's also a full garage structure on the property with the flexibility to turn into a shop. Conveniently located near Farmersville, Wylie, Rockwall, and Lake Lavon. Homes with land at this price don’t last—come see 1106 N FM 1138 today!

Investor Tools

Property Icon
$212,340
Estimated Property Value
$0Estimated Mortgage Balance
$212,340Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,274 /month
Positive
Cash Flow Estimate:
$425 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$107/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$226
$212,340
2025
$94,945
$117,395
$212,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$226
$212,340

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$212,340
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Nevada

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1106 N Fm 1138 | Property Details | No Agent List