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$215,000

1408 Sheri Lane N, Pelican Bay, TX, 76020

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.66 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size5,083 sqft

Land Information

APN32060C-2-7
Lot Number7
SubdivisionPelican Bay Addition
Land UseResidential
Legal DescriptionPELICAN BAY ADDITION BLOCK 2 LOT 7
Census Tract114203
Assessed Land Value$17,505
Assessment Year2025

About this property

Welcome to this beautifully maintained double-wide manufactured home offering 1,456 square feet of comfortable living space in pristine condition! Featuring 4 bedrooms and 2 bathrooms, this spacious home provides the perfect blend of comfort, functionality, and affordability. Situated on a 0.23-acre lot with no known restrictions, you'll enjoy the flexibility and freedom that can be hard to find. The property also features additional parking behind the home, making it ideal for multiple vehicles, trailers, boats, or guests. Need extra room for your belongings? You'll appreciate the additional storage spaces that provide plenty of room for tools, equipment, and seasonal items. One of the standout features of this property is its financing flexibility. Because the home has only been moved once, it qualifies for FHA and VA financing, creating more opportunities for qualified buyers to achieve home-ownership. For those looking for additional space or future investment potential, there is also an option to purchase the adjacent lot next door, providing even more possibilities. The home's pristine condition showcases the care and pride of ownership throughout, making it truly move-in ready from day one. Whether you're a first-time home buyer, growing family, or someone looking for an affordable home with room to spread out, this exceptional property offers outstanding value, flexibility, and future potential. Don't miss your chance to own this move-in ready home with additional parking, extra storage, and the rare opportunity to expand with the neighboring lot.

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
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

Interested in this property?

Katy Reeves

Trinity Group Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$394
$17,505
2025
$17,505
N/A
$17,505
No

Tax History

Year
Tax Paid
Assessed Value
2025
$394
$17,505

Equity Summary

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

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