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$286,000

NAL Estimated Property Value

1411 Melissa Dr, Stephenville, TX, 76401

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,181 Sq Ft
price_per_sqft$139.71 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Combination, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size11,713 sqft

Building Information

Year Built1971
Garage Spaces2

Land Information

APNR000032406
Lot Number10
SubdivisionLockwood Addition
Land UseResidential
Legal DescriptionS4900 LOCKWOOD ADDITION;, BLOCK 1;, LOT 10
Census Tract950600
Assessed Land Value$40,000
Assessed Improvement Value$129,160
Assessment Year2025

About this property

Located in the heart of Stephenville, this 3-bedroom, 2-bath brick home offers 1,181 square feet of potential and opportunity. Whether you’re searching for your first home or looking to expand your investment portfolio, this property has the solid foundation and functional layout to become something truly special with a little TLC. Inside, you’ll find a comfortable open floorplan with spacious living areas and the added bonus of walk-in closets in every bedroom, providing plenty of storage and convenience. The home’s classic brick exterior offers timeless appeal and durability, while the interior is ready for your updates and personal touches to make it shine again. Step outside to enjoy a backyard complete with chain-link fencing, a covered patio perfect for relaxing or entertaining, and a storage building for tools, hobbies, or extra storage needs. The outdoor space offers plenty of room for pets, play, or gardening while still being easy to maintain. Conveniently located near local schools, shopping, dining, and everything Stephenville has to offer, this home combines value, location, and potential. With great bones and endless possibilities, this property is ready for someone with vision to bring it back to life.

Investor Tools

Property Icon
$286,000
Estimated Property Value
$0Estimated Mortgage Balance
$286,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$169,160
2025
$40,000
$129,160
$169,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$169,160

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$286,000
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.

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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: Stephenville

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1411 Melissa Dr | Property Details | No Agent List