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$70,000

1604 N 3rd, Merkel, TX, 79536

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$68.09 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringCombination

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,498 sqft

Building Information

Year Built1936
Stories1
Roof Type105

Land Information

APNS1300002200
SubdivisionMartin Of Merkel
Land UseResidential
Legal DescriptionMARTIN OF MERKEL, BLOCK D, LOT S/2 OF 5 & ALL 6
Census Tract013601
Assessed Land Value$2,100
Assessed Improvement Value$40,129
Assessment Year2025

About this property

Large corner lot located in Merkel, TX. If you are looking for that small town vibe, a space to renovate and create something special, or to start an investment property, this could be a great opportunity for you! This lot measures.24 acres and currently has a 1936 home resting on it. Located on the west side of Merkel and only blocks from the park and pickleball courts, the location is a great one. Bring your ideas and plans and restore this property to its original glory or turn it into something YOU love! This is an As Is sale and any contents convey.

Investor Tools

Property Icon
$60,000
Estimated Property Value
$0Estimated Mortgage Balance
$60,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$420 /month
Positive
Cash Flow Estimate:
$140 /month

Interested in this property?

Suzanne Fulkerson

Real Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$45/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$239
$42,229
2025
$2,100
$40,129
$42,229
No

Tax History

Year
Tax Paid
Assessed Value
2025
$239
$42,229

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$60,000
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.

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: Merkel

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