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$379,000

1202 W Kansas Ave, Midland, TX, 79701

$475,650 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,010 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.91 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesGas Water Heater, Dishwasher, Refrigerator
FlooringVinyl

Exterior

Lot Size11,195 sqft

Building Information

Year Built1946
Stories1
Garage Spaces4

Land Information

APNR000034188
Lot Number11
SubdivisionNorth Park Hill
Land UseResidence
Legal DescriptionACRES: 0.257 BLK: 007 LOT: 011 ADDN: NORTH PARK HILL
Census Tract000500
Assessed Land Value$28,000
Assessed Improvement Value$226,130
Assessment Year2025

About this property

Welcome to luxury living in the highly sought-after Old Midland neighborhood! This completely renovated home blends timeless charm with modern elegance. Featuring designer finishes, updated interiors, and a thoughtfully designed layout, every detail has been curated to create a warm yet sophisticated atmosphere. Conveniently located near shopping, dining, parks, and schools, this move-in ready gem offers style, comfort, and convenience in the heart of Midland.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$275,000Estimated Mortgage Balance
$113,337Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$475,650
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

Andrea Delacruz

Heritage Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,857
$254,130
2025
$28,000
$226,130
$254,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,857
$254,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelis Equity And Real Estate Fund
Building Or Construction Loan
$275,000
No
First
Nov 20, 2024
May 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,663
$113,337
29%
70%
$1,649/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: Midland

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1202 W Kansas Ave | Property Details | No Agent List