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$101,000

NAL Estimated Property Value

116 Karen Ln, Euless, TX, 76040

Off MarketInfo
Baths0 Bath
Year BuiltBuilt in 1983

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5,624 sqft

Land Information

APN22870C--5
Lot Number5
SubdivisionKnob Hill Mobile Home Park
Land UseResidential
Legal DescriptionKNOB HILL MOBILE HOME PARK LOT 5 & PART OF COMMON AREA
Census Tract113513
Assessed Land Value$25,000
Assessment Year2025

About this property

Own Your Own Land – A Rare Opportunity in Euless! Here’s your chance to invest in a .129-acre lot in the highly sought-after Knob Hill Mobile Home Park! This property includes a 2-bedroom, 2-bathroom manufactured home being sold as-is – no repairs will be made. The true value lies in the land, offering you the unique opportunity to own property in a manufactured home community instead of paying lot rent. Located in a prime, centralized area of Euless, this is an incredible investment for those looking to build equity in a growing community. Whether you're a savvy investor or looking for an affordable way to enter the market, this property offers endless potential.

Investor Tools

Property Icon
$101,000
Estimated Property Value
$80,458Estimated Mortgage Balance
$20,542Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$606 /month
Positive
Cash Flow Estimate:
$202 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$82/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$474
$25,000
2025
$25,000
N/A
$25,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$474
$25,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Benjamin Padilla
Commercial
$81,900
No
First
May 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,458
$20,542
20%
80%
$492/mo

Learn About the Market: Opportunity in Texas

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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: Euless

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116 Karen Ln | Property Details | No Agent List