Last 24 Hours
$141,000
NAL Estimated Property Value1700 Melissa Lane, Cleburne, TX, 76031
Off Market
3 Beds
2 Bath
1,218 Sq Ft
Manufactured Home
$122.33 / sqft
Built in 1982Highlights
Interior
Bedrooms 3
Bathrooms 2AppliancesElectric Range
FlooringCarpet, Vinyl
Exterior
Lot Size1.12 acres
Building Information
Year Built1982
Land Information
APN126.3053.00250
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK 3 THORNBIRD ESTATES S# 01540175S L# TXS0620037
Census Tract130304
Assessed Land Value$70,560
Assessed Improvement Value$5,832
Assessment Year2025
About this property
Back in the market as buyers can't close. Affordable home in the country setting with lots of trees in a little over one acre. Close to old town Cleburne where you ca get your life's necessities. Have another building that you can use as a guest house or in law suite or bigger children to stay. Two utility address in the property. A bonus great size storage building that you can store more of your stuff. With some TLC this home will be a good starter home. So why rent?
Investor Tools
$141,000
Estimated Property Value
$77,498Estimated Mortgage Balance
$63,502Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,447
$76,392
2025
$70,560
$5,832
$76,392
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,447
$76,392
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Commercial
$80,000
No
First
Aug 29, 2024
Sep 2039
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,498
$63,502
45%
55%
$480/mo
12.4%