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B+
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Days7Days on Market
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$399,000

$449,000

1580 Florida St Fl Orida, MERCEDES, TX, 78570

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,765 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.3 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Electric Water Heater
FlooringTile

Exterior

Exterior FeaturesOther
Lot Size40,001 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces3

Land Information

APNA1200-00-000-0009-00
Lot Number9
SubdivisionAfton Place - Smc
Land UseResidential
Legal DescriptionAFTON PLACE LOTS 9 & 10
Census Tract023000
Assessed Land Value$136,000
Assessed Improvement Value$207,157
Assessment Year2025

About this property

Welcome to this beautiful 3-bedroom, 2.5-bath home offering 2,675 square feet of comfortable living space on nearly 1 acre of land. Situated on two lots, this property provides plenty of room to spread out, entertain, and enjoy the outdoors. Inside, you'll find a spacious layout featuring a kitchen with elegant black granite countertops and ample space for gathering. The home is equipped with two A/C units for added comfort and efficiency. One of the standout features is the impressive 352-square-foot entertainment room, complete with its own refrigerator and stove. Whether you're hosting family celebrations or holiday gatherings, this dedicated space allows guests to enjoy themselves without disrupting the main living areas. Outside, you'll appreciate the 30' x 50' concrete slab located beside the home, perfect for RV parking or a future workshop. The property also includes a water well that helps irrigate the lawn, mature shade & fruit trees that add beauty and character.

Investor Tools

$0Estimated Mortgage Balance
$261,079Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,904
$261,079
2025
$136,000
$207,157
$343,157
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,904
$261,079

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$261,079
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,257/mo
N/A
+$1,257/mo
5.8%

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: MERCEDES

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