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$175,000

1403 12TH ST. Lot # 36, Mercedes, TX, 78570

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,310 Sq Ft
price_per_sqft$133.59 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater
FlooringCarpet, Tile

Exterior

Lot Size8,124 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces1

Land Information

APNV0850-00-000-0036-00
Lot Number36
SubdivisionValle Verde - Smc
Land UseResidential
Legal DescriptionVALLE VERDE LOT 36
Census Tract023000
Assessed Land Value$69,063
Assessed Improvement Value$92,938
Assessment Year2025

About this property

Welcome to this charming Three bedroom Two Bath single-story Ranch brick-style home, nestled in a quiet, established neighborhood in Mercedes, Texas! Sitting on a generous 8,125 sq. ft. lot, this property features a flexible bonus room- ideal for a home office, gym, or hobby space. Step outside to a relaxing screened-in back patio and enjoy your morning coffee overlooking a spacious yard with endless potential for family entertaining or a future pool. This property includes a massive 12' X 20' foot outbuilding for extra storage or workshop space. Don't miss out on this wonderful versatile home!

Investor Tools

$0Estimated Mortgage Balance
$182,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,092 /month
Positive
Cash Flow Estimate:
$364 /month

Interested in this property?

ANTONIO CASAS JR.

KELLER WILLIAMS LRGV

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,594
$132,623
2025
$69,063
$92,938
$162,001
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,594
$132,623

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$182,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
N/A
+$1,141/mo
7.5%

City: Mercedes