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$140,000

NAL Estimated Property Value

1815 Pelican Oval E, Pelican Bay, TX, 76020

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths696 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.52 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringVinyl

Exterior

Lot Size6,133 sqft

Building Information

Year Built1984
Stories1
Garage Spaces1

Land Information

APN32080--241
Lot Number241
SubdivisionPelican Bay Tenth Filing
Land UseResidential
Legal DescriptionPELICAN BAY TENTH FILING LOT 241
Census Tract114203
Assessed Land Value$21,120
Assessed Improvement Value$80,880
Assessment Year2025

About this property

Quaint 2-Bedroom Home in Pelican Bay – Ideal for First-Time Buyers! Discover comfort and charm in this delightful 2-bedroom, 1-bath home located in the welcoming Pelican Bay neighborhood of Azle. With an open floor plan, this home feels bright and airy, offering a seamless flow from living to dining to kitchen—perfect for everyday living and entertaining. The 1-car garage provides convenient storage and also serves as laundry area with full sized washer-dryer hookups. The spacious yard offers room to relax or create your ideal outdoor space. Situated within the Azle ISD and with no HOA, this home is a fantastic opportunity for first-time buyers looking to plant roots in a friendly, established community. Don't miss out on this cozy gem!

Investor Tools

Property Icon
$140,000
Estimated Property Value
$156,513Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,591
$102,000
2025
$21,120
$80,880
$102,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,591
$102,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighbors Bank
Stand Alone Second / Subordinate Position
$5,285
No
First
Jul 17, 2025
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,513
N/A
0%
112%
$953/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$953/mo
+$637/mo
13.6%

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.

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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: Pelican Bay

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1815 Pelican Oval E | Property Details | No Agent List