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$502,000

NAL Estimated Property Value

1311 Mere Dr, Pinehurst, TX, 77362

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,836 Sq Ft
price_per_sqft$171.02 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size41,382 sqft

Building Information

Year Built1975
Stories2
Roof Type105
Garage Spaces2

Land Information

APN6435-02-01400
Lot Number95-96
SubdivisionKipling Oaks 02
Land UseResidential
Legal DescriptionKIPLING OAKS 02, LOT 95,96, ACRES 0.950
Census Tract690207
Assessed Land Value$113,801
Assessed Improvement Value$373,214
Assessment Year2025

About this property

Nestled on a serene, just-under-one-acre lot, this 2-story, country home offers the perfect blend of comfort and tranquility. With 4 spacious bedrooms, 3 full baths, and an additional guest quarters, there's plenty of room for family and friends to relax and unwind. This home's electric utilities and natural gas heated swimming pool ensure a comfortable and convenient living experience. You'll have ample space to host friends and family or enjoy some quiet time to yourself with the additional detached guest quarters/pool room. Also features a spacious a 1200 SQ FT warehouse with 3 overhead doors, perfect for storing your favorite toys, tools, or hobbies. With its prime location, you're just a short drive from local amenities and attractions. Free-roaming deer graze in the nearby woods, while the neighborhood pond and children's park offer endless hours of entertainment and adventure. Fridge, Washer, Dryer included.

Investor Tools

Property Icon
$502,000
Estimated Property Value
$377,054Estimated Mortgage Balance
$124,946Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,012 /month
Positive
Cash Flow Estimate:
$1,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,512
$487,015
2025
$113,801
$373,214
$487,015
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,512
$487,015

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$388,000
No
First
Oct 15, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,054
$125,946
25%
75%
$2,327/mo

City: Pinehurst