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$369,000

NAL Estimated Property Value

1203 S Nelson Ave, Monahans, TX, 79756

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,159 Sq Ft
price_per_sqft$183.19 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesTankless Water Heater, Electric Cooktop, Self Cleaning Oven, Dishwasher, Refrigerator, Dryer, Water Softener Owned
FlooringTile, Laminate

Exterior

Lot Size9,962 sqft

Building Information

Year Built1990
Garage Spaces2

Land Information

APN5836
Lot Number2
Land UseResidential
Legal DescriptionLOT 2 BLK 1 GRETCHEN
Census Tract950200
Assessed Land Value$11,550
Assessed Improvement Value$251,100
Assessment Year2025

About this property

3 bedroom 2 bath home in highly desirable Monahans neighborhood. 2159 sqft on 0.229 acre lot. Large living area w gas fireplace. Designer tray ceilings in living room, dining room & primary bedroom. New windows. New Tankless water heater. New water softener-filtration system. New fridge stays. $45k Solar Panels (unseen on back of home) will be paid at closing. New double carport & new 16x10 storage building in rear. Covered patio with mature shade trees & landscaping.

Investor Tools

Property Icon
$369,000
Estimated Property Value
$302,758Estimated Mortgage Balance
$66,796Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,373 /month
Positive
Cash Flow Estimate:
$791 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$600/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,350
$262,650
2025
$11,550
$251,100
$262,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,350
$262,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Lenders Inc
Va
$327,257
Yes
First
Apr 6, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,758
$46,242
13%
82%
$1,963/mo

City: Monahans

1203 S Nelson Ave | Property Details | No Agent List