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$184,000

NAL Estimated Property Value

1404 Sheri Lane N 1, Pelican Bay, TX, 76020

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size5,584 sqft

Land Information

APN32060C-2-6
Lot Number6
SubdivisionPelican Bay Addition
Land UseResidential
Legal DescriptionPELICAN BAY ADDITION BLOCK 2 LOT 6
Census Tract114203
Assessed Land Value$19,245
Assessment Year2025

About this property

Opportunity awaits with this versatile 0.28-acre lot offering endless possibilities for homeowners, investors, and those looking for additional space. The property features a detached office, covered parking, and a fenced area that's perfect for pets, gardening, or creating your own private outdoor retreat. With no known restrictions, this lot presents an excellent opportunity for someone looking to place a mobile home and create a rental property, personal residence, or long-term investment. The existing improvements add immediate functionality while still leaving plenty of room for future plans. Looking for even more potential? This lot can also be purchased together with the adjacent property featuring a beautifully maintained 4-bedroom, 2-bathroom double-wide manufactured home. Combined, the properties would total just over half an acre, creating a unique opportunity for multi-generational living, investment purposes, additional privacy, or expanded outdoor space. Whether you're searching for your next investment property, a place to set up a manufactured home, or additional land with valuable existing improvements, this property offers flexibility, convenience, and tremendous potential.

Investor Tools

Property Icon
$184,000
Estimated Property Value
$0Estimated Mortgage Balance
$184,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,104 /month
Positive
Cash Flow Estimate:
$368 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$433
$19,245
2025
$19,245
N/A
$19,245
No

Tax History

Year
Tax Paid
Assessed Value
2025
$433
$19,245

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$184,000
100%
0%
$0/mo

City: Pelican Bay

1404 Sheri Lane N 1 | Property Details | No Agent List