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$207,020

NAL Estimated Property Value

1405 SE Martin Luther King Jr Street, Mineral Wells, TX, 76067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,110 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.68 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Microwave

Exterior

Lot Size5,009 sqft

Building Information

Garage Spaces1

Land Information

APN139730000
Lot Number10
SubdivisionHitt
Land UseResidential
Legal DescriptionHITT BLK 60 LOT 10 G#H0800-00-00600-010-00-0
Census Tract000800
Assessed Land Value$18,000
Assessed Improvement Value$189,020
Assessment Year2025

About this property

New Construction! Brand New Home Ready for You 2024! Offering a versatile layout, 3 bedrooms, with large closets, 2 full baths, Open Concept Family Room & Kitchen. Home features Granite Countertops, Custom Wood Cabinets, New stainless steel appliances (microhood, dishwasher and oven), luxury vinyl plank flooring. Master bedroom has a large walk in closet. Close to downtown and shopping. Home scheduled for completion end of March.

Investor Tools

Property Icon
$207,020
Estimated Property Value
$198,656Estimated Mortgage Balance
$8,364Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,325
$207,020
2025
$18,000
$189,020
$207,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,325
$207,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pacific Residential Mortgage Llc
Usda
$207,070
Yes
First
Feb 22, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,656
$8,364
4%
96%
$1,242/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.

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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: Mineral Wells

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1405 SE Martin Luther King Jr Street | Property Details | No Agent List