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$650,000

NAL Estimated Property Value

112 Martinek Ln, Palmer, TX, 75152

$845,000 ARVInfo
Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths4,026 Sq Ft
price_per_sqft$161.43 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Double Oven, Other
FlooringCarpet, Ceramic Tile, Laminate, Varies

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Other
Lot Size2.53 acres

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces4

Land Information

APN00.6880.001.008.00.103
Lot Number8
SubdivisionNorth Ridge Est
Land UseResidential
Legal DescriptionLOT 8 BLK 1 NORTH RIDGE EST 2.53 AC
Census Tract061700
Assessed Land Value$140,000
Assessed Improvement Value$451,285
Assessment Year2025

About this property

Seller offering $10K PERSONALIZATION CREDIT! ENNIS ISD. NO HOA. property nestled in an established neighborhood on 2.53 ACRES. Mature trees, extended circular drive with clean curb appeal. THREE CAR GARAGE and oversized COVERED back patio area including pergola and a fenced Kayak POOL. Enjoy PEACEFUL nights and SPLISH SPLASH on warm summer days. COOL & CLEAN with 3 newly installed AC units (area specific control), 2022 flooring throughout, freshly painted walls in main areas & primary, PLUS upgraded windows installed in 2022. Four traditional spacious bedrooms with walk-in closets AND an EXTRA separate FLEX room, nook for additional dining or alternative space, two full size living rooms, walk-in utility room with storage, then go UPSTAIRS where you have about 750 sq ft of opportunity, OH YES don't forget the entertainment friendly WET BAR. Four FULL Bathrooms PLUS TWO half baths. An inviting kitchen off main dining area with a WALK-IN PANTRY.

Investor Tools

Property Icon
$650,000
Estimated Property Value
$536,542Estimated Mortgage Balance
$113,458Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$845,000
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
$837/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,789
$591,285
2025
$140,000
$451,285
$591,285
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,789
$591,285

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Unknown
$551,250
No
First
Nov 27, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$536,542
$113,458
17%
83%
$3,306/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$3,306/mo
$-676/mo
4.9%

City: Palmer

112 Martinek Ln | Property Details | No Agent List