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$738,000

NAL Estimated Property Value

12721 N F M 179, Shallowater, TX, 79363

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,699 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$276.03 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Instant Hot Water, Refrigerator, Water Softener Rented
FlooringCarpet, Luxury Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard, Smart Camera(s)/Recording
Lot Size1.50 acres

Building Information

Year Built2017
Roof Type105
Garage Spaces2

Land Information

APNR330486
SubdivisionMgk Windmill Estates
Land UseResidential
Legal DescriptionMGK WINDMILL ESTATES TR E
Census Tract010301
Assessed Land Value$24,000
Assessed Improvement Value$563,674
Assessment Year2025

About this property

Set outside the city limits, this four-bedroom, 2.5-bath home gives you the kind of space that feels easy to settle into. Vaulted ceilings stretch across the main living area, anchored by a floor-to-ceiling stone fireplace that draws your attention the moment you walk in. The kitchen sits right at the center, open to both the living and dining areas, with a butler's pantry tucked just beside it. It's a layout that keeps everything connected without feeling crowded. LVP flooring runs throughout, and a spray foam insulated attic gives you an extra layer of comfort. The primary suite is set apart, with a large walk-in closet, separate vanities, a soaking tub and direct access to the laundry room. The remaining bedrooms and full bath are positioned separately from the primary, and a private office sits off the main living area, giving you a place to work or focus without interruption. Out back is where the real living happens. A covered patio invites you to spend time hanging out on hot summer nights and leads to a fenced, in-ground pool with a retractable cover, all within a fenced backyard. The pool side pergola is wired for electricity, and the main house lights up the night with soffit lighting; custom-cut lighting has been stored away for the next holiday. The ADU includes two bedrooms, one full bath, a full kitchen, and its own living area. The space works well for extended stays, older occupants, or guests who want their own space. It could also function as a pool house or be used for rental income. A separate septic system services the ADU, with another dedicated to the main home. Connected to the ADU, the 19' x 30' shop is also spray foam insulated and has it's own exterior access. It includes a garage door and offers an enclosed space for equipment, projects, or storage. An attached oversized two-car garage completes the property.

Investor Tools

Property Icon
$738,000
Estimated Property Value
$400,806Estimated Mortgage Balance
$337,194Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,470 /month
Positive
Cash Flow Estimate:
$1,490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,075/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,208
$587,674
2025
$24,000
$563,674
$587,674
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,208
$587,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$444,000
No
First
May 5, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$400,806
$337,194
45%
54%
$2,663/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$2,663/mo
$-991/mo
2.7%

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.

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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: Shallowater

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12721 N F M 179, Shallowater, TX 79363 | Property Details | No Agent List