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$157,500

1315 Merritt Ave, Mount Pleasant, TX, 75455

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,072 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.92 / sqft
Year BuiltBuilt in 1944

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size16,287 sqft

Building Information

Year Built1944

Land Information

APN14427
Lot Number22
SubdivisionLatson Heights Addition
Land UseResidential
Legal DescriptionLATSON HEIGHTS ADDITION BLK 6 LOT 22 .3739 AC
Census Tract950800
Assessed Land Value$14,658
Assessed Improvement Value$70,342
Assessment Year2025

About this property

This charming 2bed, 1 bath house, originally built in 1944, has been completely remodeled to offer modern comfort while maintaining its classic appeal seamlessly blending vintage charm with modern convenience, this home is perfect for first-time buyers, downsizers, or anyone seeking a stylish retreat Thoughtfully updated from top to bottom. Enjoy the airy feel of a spacious living area, complemented by natural light and tasteful finishes. Modern cabinets, quartz countertops, a subway tile backsplash, and stainless-steel appliances bring functionality and flair. Two cozy bedrooms provide comfort and tranquility. The fully updated bathroom features designer fixtures and a clean, classic aesthetic. A sizable backyard with mature trees offers endless possibilities for entertaining, gardening, or relaxing. Don’t miss the opportunity to own this charming home. Schedule your showing today

Investor Tools

Property Icon
$169,000
Estimated Property Value
$166,920Estimated Mortgage Balance
$5,269Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,014 /month
Positive
Cash Flow Estimate:
$338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$576
$85,000
2025
$14,658
$70,342
$85,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$576
$85,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$166,920
Yes
First
Apr 29, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,731
$5,269
3%
97%
$1,001/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: Mount Pleasant

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1315 Merritt Ave | Property Details | No Agent List