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$900,000

1231 Mercer Ave, Lantana, TX, 76226

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths4,055 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.95 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven, Double Oven, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size10,149 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR693066
Lot Number43
SubdivisionReata Addition
Land UseResidential
Legal DescriptionREATA ADDITION BLK 11A LOT 43
Census Tract021755
Assessed Land Value$192,840
Assessed Improvement Value$687,074
Assessment Year2025

About this property

Multiple offers received. Please submit highest and best by noon Monday 11th. Welcome to your beautifully maintained home with no backyard neighbors! The living room features floor to ceiling windows and the sliding doors brings the outside in with ease. Entertain with ease all thanks to the gorgeous kitchen with double ovens, plenty of counter space, multiple seating areas, and wine fridge. Space is no question in this home. Each bedroom features an en-suite bath as well as an additional half bath for your guests on the main floor. With the multiple living areas, media room and office, there is a room for everyone! Enjoy beautiful Texas evenings in your backyard with stunning, mature trees for added privacy. Schedule a private tour today!

Investor Tools

Property Icon
$900,000
Estimated Property Value
$720,000Estimated Mortgage Balance
$233,902Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,822/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,370
$879,914
2025
$192,840
$687,074
$879,914
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,370
$879,914

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$720,000
No
First
May 12, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$666,098
$233,902
25%
74%
$4,317/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: Lantana

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1231 Mercer Ave | Property Details | No Agent List