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$184,000

NAL Estimated Property Value

188 County Road 304, Merkel, TX, 79536

$192,780 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,632 Sq Ft
price_per_sqft$90.38 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesRefrigerator
FlooringCarpet, Laminate

Exterior

Lot Size7.90 acres

Land Information

APNA0073005917 01
SubdivisionSur 147 Grimes County School
Land UseMobile Home W/Land Not Qual For Ag Appr
Legal DescriptionA0073 SUR 147 GRIMES COUNTY SCHOOL, TRACT 22, ACRES 7.9, UNDIVIDED INTEREST 50.0000000000%
Census Tract013601
Assessed Land Value$25,197
Assessed Improvement Value$69,325
Assessment Year2025

About this property

Here's your chance to get out in the country and have 15 acres to enjoy. This property has a 2006 doublewide with 3 beds and 2 baths, a fenced yard and several storage containers. Plenty of room for kids, horses, 4H projects and recreation! The house and property needs a little cleanup and TLC, but will be a very nice place to live with just a little work. Give us a call to set up your showing!

Investor Tools

Property Icon
$184,000
Estimated Property Value
$218,769Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$192,780
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,104 /month
Positive
Cash Flow Estimate:
$368 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,495
$58,823
2025
$25,197
$69,325
$94,522
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,495
$58,823

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Lending Inc
Fha
$225,834
Yes
First
Aug 21, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,769
N/A
0%
119%
$1,354/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.

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: Merkel

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188 County Road 304 | Property Details | No Agent List