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$249,000

177 Merlin Way, Euless, TX, 76039

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,200 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$207.5 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool

Building Information

Year Built1983
Stories2

Land Information

APN27355----L--177---40
Lot Number177
SubdivisionMc Cormick Farm Addition
Land UseResidential
Legal DescriptionMC CORMICK FARM ADDITION BLOCK L LOT 177 & PART OF COMMON AREA
Census Tract113519
Assessed Land Value$50,000
Assessed Improvement Value$241,495
Assessment Year2025

About this property

STOP SCROLLING — this one's already done. The smartest buy left under $250K in Grapevine-Colleyville ISD. Updated two-story townhome in Village in the Glen, tucked on the back side of the community with a fenced patio that opens to greenbelt instead of a neighbor's window. Start where it counts: a BRAND NEW roof (April 2026, 30-year architectural shingle), Lennox HVAC (2024), and water heater (2023) with leak protection. Every big-ticket system has already been replaced — the buyer inherits zero near-term repair exposure and a very short inspection conversation. Rare at this price. Inside, wood flooring runs the living and dining rooms and carries up the staircase, and vaulted ceilings lift the downstairs so 1,200 square feet lives noticeably larger than it measures. The kitchen was updated the right way — white shaker cabinets, premium stone counters with matching stone backsplash, ceramic tile underfoot. A white-painted brick fireplace anchors the living room, the dining room seats a real table, and a half bath sits downstairs right where guests need it. Upstairs is where this floorplan earns its keep. The primary runs a full 16x13 — an owner's suite, not a compromise — with a 12x12 second bedroom and an updated full bath with newer vanity. Fresh carpet in both bedrooms, plank flooring in the hall. Out back: fenced patio with detached storage, backing to greenbelt. Two assigned spaces sit right in front of the door. And the HOA does the work most homeowners pay for twice — exterior maintenance, water, trash, front lawn care, blanket exterior insurance and the community pool are all COVERED. Genuine lock-and-leave living. Location closes it. Bear Creek Elementary is under a half mile, feeding Heritage Middle and Heritage High in Grapevine-Colleyville ISD. American Airlines is roughly six minutes , with DFW Airport, 121, 183 and 360 all within easy reach. Vacant — close on your timeline. Walk to Bob White Park. Move in before the first bell rings.

Investor Tools

$206,683Estimated Mortgage Balance
$85,865Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,749 /month
Positive
Cash Flow Estimate:
$583 /month

Interested in this property?

Jeffrey Price

Great Western Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
$274/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,708
$291,495
2025
$50,000
$241,495
$291,495
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,708
$291,495

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Conventional
$217,600
No
First
Aug 29, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,683
$84,812
29%
71%
$1,305/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,850/mo
$1,579/mo
+$271/mo
7.6%

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: Euless

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177 Merlin Way | Property Details | No Agent List