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$260,405

NAL Estimated Property Value

184 Merlin Way, Euless, TX, 76039

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,232 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$219.07 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Laminate, Vinyl

Building Information

Year Built1983
Stories2

Land Information

APN27355----L--184---40
Lot Number184
SubdivisionMc Cormick Farm Addition
Land UseResidential
Legal DescriptionMC CORMICK FARM ADDITION BLOCK L LOT 184 & PART OF COMMON AREA
Census Tract113519
Assessed Land Value$50,000
Assessed Improvement Value$210,405
Assessment Year2025

About this property

Stunningly Beautiful 2 Bedroom, two and one half bath pristine townhome in the highly desirable McCormick Farm community, where comfort, convenience, and an exceptional location come together in this breathtaking home. This well designed home features two spacious upstairs bedrooms, each with its own private ensuite bath, offering the perfect layout for homeowners, guests, roommates, or a work-from-home lifestyle. A convenient half bath on the main level and an updated open-concept living and dining area make everyday living and entertaining effortless. Step outside to a private fenced backyard oasis, an ideal space to enjoy morning coffee, unwind after a long day, or gather with family and friends. Enjoy a true lock-and-leave lifestyle just minutes from some of Euless' most popular outdoor destinations, including The Preserve at McCormick Park, Bob Eden Park, and Villages of Bear Creek Park, with miles of scenic walking and biking trails, playgrounds, nature areas, and recreational amenities nearby. Perfectly situated in the heart of Grapevine, Colleyville and Euless, you'll also enjoy quick access to premier shopping, dining, major highways, and DFW International Airport, making commuting and travel exceptionally convenient. Whether you're a first-time buyer, frequent traveler, investor, or looking to downsize without sacrificing comfort or location, this move-in-ready townhome offers the lifestyle you've been searching for. Showings begin August 4th due to seller move out this weekend.

Investor Tools

Property Icon
$260,405
Estimated Property Value
$164,025Estimated Mortgage Balance
$97,733Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,619 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
$274/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,852
$260,405
2025
$50,000
$210,405
$260,405
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,852
$260,405

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jimmy K Llc
Commercial
$185,000
No
First
Jul 24, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,025
$96,380
37%
63%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,850/mo
$1,384/mo
+$466/mo
8.5%

City: Euless

184 Merlin Way | Property Details | No Agent List