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$639,900

121 Merrywood Ln, San Marcos, TX, 78666

$831,870 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,630 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$243.31 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListMust-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesMicrowave, Free-Standing Electric Range
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size2.70 acres

Building Information

Stories1
Garage Spaces2

Land Information

APNR46254
SubdivisionValley View Subd
Land UseResidential
Legal DescriptionVALLEY VIEW SUBD TR PT OF 44 2.6986 AC GEO#90208162 TAX CODES:SSM,WEU,WUS,EHA
Census Tract010702
Assessed Land Value$106,160
Assessed Improvement Value$480,870
Assessment Year2025

About this property

**Preferred Lender - Complimentary 1 buy-down** Welcome to 121 Merrywood ~ A stunning mid century modern residence tucked away on a quiet tree-lined street. This is the kind of home that just feels right when you walk through the door. Exuding warmth and character with an effortless layout. Step inside and you’re greeted by the dramatic vaulted ceilings that naturally draws you into the heart of the home. The layout flows effortlessly — open where you want connection, yet thoughtfully designed to give everyone their own space. The living area - anchored around a stunning wood-burning fireplace, with oversized architectural windows that flood the space with warm Texas sunshine. The kitchen is timeless — breakfast bar, quartz countertops, and a proper pantry (because storage matters). The spacious primary suite features wonderful views of greenery and woods. The ensuite bath offers a walk-in-shower, dual vanities, and a generous walk-in closet. Guest bedrooms are comfortably sized. The fourth bedroom offers flexibility — perfect as a home office, hobby room, or creative space. A spacious utility room with a mud area keeps everyday life organized and easy. Out back, you’ll find a true Texas-sized yard with an impressive covered patio — ready for game days, backyard barbecues, or simply enjoying a peaceful evening under the stars. Location is just as special. You’re minutes from Downtown San Marcos, the Blanco River, Texas State University and endless opportunity for adventure with tons of hiking trails and outdoor activities nearby. 40 minutes to both Austin and San Antonio.

Investor Tools

$468,563Estimated Mortgage Balance
$166,295Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$831,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,839 /month
Positive
Cash Flow Estimate:
$1,280 /month

Interested in this property?

Linda Takenaka

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$830/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,796
$568,291
2025
$106,160
$480,870
$587,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,796
$568,291

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc
Conventional
$320,000
No
First
Aug 6, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$468,563
$199,437
29%
74%
$3,041/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: San Marcos

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121 Merrywood Ln | Property Details | No Agent List