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$3,500,000

NAL Estimated Property Value

15911 Schmidt LOOP, Manor, TX, 78653

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,014 Sq Ft
price_per_sqft$1,161.25 / sqft
Year BuiltBuilt in 1978

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesNone
FlooringConcrete

Exterior

Exterior FeaturesDock, See Remarks

About this property

***HUGE PRICE REDUCTION*** Ok, we are no longer in the "3 year ago price BOOM!" - we have lowered this property to be in line with values NOW. BRING YOUR INVESTOR/BUILDER/DEVELOPER!!! 41+ TOTAL ACRES OF LAND (4 TAX PARCELS) ABSOLUTELY STUNNING acreage that is zoned for "just about anything" (Commercial or higher-end residential acreage development, etc - contact City of Manor!)! Buyer does ALL DUE DILIGENCE but call Lance for discussion. ~3 acre lake (LAKE RAESZ) fully stocked with black bass, more. No FEMA Flood Plain. Ag Exemption. NOTE - TAX states the address is 15911 Fay St (which has never been used) - Title will decipher the correct legal. Will need Survey, All Utilities available to property per owner. AQUA WATER Company (current water). *** Approximately 3,000 sq.ft. all-side brick home with 4 car detached garage. A/C and roof replaced recently. Large utility room, 2.5 baths, huge family room, kitchen island with custom cabinets throughout. Master with sitting area, 2 covered porches, courtyard, large oak trees, view of pond, current renovations ongoing! LIVE IN the house while developing the property (if need be!). Contact agent for more details/discuss. BRING DEVELOPERS, HIGH-END BUILDERS! (And just bring OFFER! :-) ***The film, WHAT'S EATING GILBERT GRAPE was filmed at this property (starring Leonardo DiCaprio and Johnny Depp)***

Investor Tools

Property Icon
$3,500,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,500,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

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Financing Details

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

City: Manor

15911 Schmidt LOOP | Property Details | No Agent List