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$208,000

NAL Estimated Property Value

1601 E Texas Ave, Mart, TX, 76664

$211,100 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,434 Sq Ft
price_per_sqft$86.28 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Dryer, Gas Water Heater, Washer
FlooringTile, Wood

Exterior

Lot Size3.32 acres

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN321216000001001
SubdivisionSmith E
Land UseResidential
Legal DescriptionSMITH E TRACT 2 ACRES 3.32
Census Tract003601
Assessed Land Value$46,400
Assessed Improvement Value$149,180
Assessment Year2025

About this property

Discover the potential of this spacious property situated on approximately 3.3 acres, offering room to grow, expand, or create an investment opportunity with the ability to build one to two additional homes. Located on a generous corner on the edge of town, this property provides expansive outdoor space, mature trees, and plenty of possibilities for future use. The residence features a large living area with original hardwood flooring, multiple versatile rooms, and vintage features throughout. Several areas of the home are in need of repairs and updating, making this an excellent opportunity for someone seeking a project with long-term upside. Outdoor features include a detached garage, open yard space, and a lot of mature trees making it ideal for recreational use, gardening, or additional structures. Whether you’re looking to renovate, expand, or invest, this property delivers the acreage and flexibility to bring your plans to life. This is your chance to create something truly special with land that offers room for vision, creativity, and long-term value.

Investor Tools

Property Icon
$208,000
Estimated Property Value
$0Estimated Mortgage Balance
$208,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$211,100
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,203
$195,580
2025
$46,400
$149,180
$195,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,203
$195,580

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,580
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,210/mo
N/A
+$1,210/mo
7.0%

City: Mart

1601 E Texas Ave | Property Details | No Agent List