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$177,663

NAL Estimated Property Value

1601 Merriman Ave, Corpus Christi, TX, 78412

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,540 Sq Ft
price_per_sqft$81.17 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
FlooringHardwood, Vinyl

Exterior

Lot Size12,458 sqft

Building Information

Year Built1970
Roof Type105

Land Information

APN6528-0001-0140
Lot Number14
SubdivisionPeary Place #1
Land UseResidential
Legal DescriptionPEARY PLACE #1 BLK 1 LOT 14
Census Tract003202
Assessed Land Value$24,938
Assessed Improvement Value$152,725
Assessment Year2025

About this property

Investor Special – Large Lot with Great Potential! Welcome to 1601 Merriman Ave, a single-story pier-and-beam home offering tremendous opportunity for investors or buyers looking for a renovation project. This property features 3 bedrooms, 2 bathrooms, and sits on a large fenced lot surrounded by mature trees. Inside, the home offers multiple living and dining areas, original hardwood floors, and a layout ready for your personal design ideas. In addition to the main home, there is a bonus room/separate living area detached from the primary structure — perfect for a guest suite, game room, or home office. The property also includes two additional storage or workshop areas and a four-car carport located at the rear of the home, providing ample space for tools, vehicles, or equipment. Large covered patio with a walkway. Conveniently located near SPID, the Naval Air Station, Corpus Christi Army Depot, and local shopping, this home offers accessibility and long-term potential. Sold As-Is. Cash or renovation loan buyers only. Bring your vision and creativity to restore this property’s full potential!

Investor Tools

Property Icon
$177,663
Estimated Property Value
$73,969Estimated Mortgage Balance
$103,694Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,066 /month
Positive
Cash Flow Estimate:
$355 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,784
$177,663
2025
$24,938
$152,725
$177,663
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,784
$177,663

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Americas Choice Home Loans Lp
Unknown
$81,400
No
First
Dec 21, 2012
Dec 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,969
$103,694
58%
42%
$596/mo

City: Corpus Christi

1601 Merriman Ave | Property Details | No Agent List