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$206,000

NAL Estimated Property Value

165 Olsen 3rd, Mineral Wells, TX, 76067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,084 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.45 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size19,863 sqft

Building Information

Year Built1972

Land Information

APN173040000
Lot Number8
SubdivisionOlsons Green Acres #3
Land UseResidential
Legal DescriptionOLSONS GREEN ACRES #3 LOT 8 G#O0500-03-00000-008-00-0
Census Tract000402
Assessed Land Value$29,640
Assessed Improvement Value$134,600
Assessment Year2025

About this property

Located Outside of the City Limits Dead End Road. Massive Backyard on 0.456 acres on nicely-sized lot in the heart of some Texas Country. Desirable Neighborhood. Chain Link Fence Drive Thru gate. Every Mans dream 30 x 30 insulated metal barn, electric with roll up door also 10 x 12 storage with roll up door. One-story brick Three Bedrooms. Traditional design with tile and carpet flooring. Roomy Kitchen. Dining and living .

Investor Tools

Property Icon
$206,000
Estimated Property Value
$144,171Estimated Mortgage Balance
$62,043Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,236 /month
Positive
Cash Flow Estimate:
$412 /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
$2,645
$164,240
2025
$29,640
$134,600
$164,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,645
$164,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clear Fork Bank Na
Open End Mortgage / Open End With Future Advance Clause
$145,438
No
First
Oct 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,171
$61,829
30%
70%
$872/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.

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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: Mineral Wells

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165 Olsen 3rd | Property Details | No Agent List