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$305,000

NAL Estimated Property Value

1932 Merlin Drive, Harker Heights, TX, 76548

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,051 Sq Ft
price_per_sqft$134.08 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesCovered Patio
Lot Size11,456 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN366813
Lot Number16
SubdivisionKnights Ridge Addition Phase Two Section
Land UseResidential
Legal DescriptionKNIGHTS RIDGE ADDITION PHASE TWO SECTION ONE, BLOCK 006, LOT 0016
Census Tract021908
Assessed Land Value$49,000
Assessed Improvement Value$245,370
Assessment Year2025

About this property

Welcome to this beautifully maintained 4-bedroom, 2-bath home in the highly desirable Knights Ridge community—just a short walk to Harker Heights High School! Step inside to a welcoming foyer that opens into a spacious living room anchored by a classic brick fireplace with mantle. The formal dining area features hardwood flooring and flows into the kitchen, ideal for everyday living and entertaining. The kitchen offers stainless steel appliances, including the refrigerator, along with a center island workspace, breakfast area, corner pantry and direct access to the back covered patio. This split floorplan provides privacy, with a spacious primary suite featuring an ensuite bath with dual vanities, soaking tub, separate shower, and 2 walk-in closets. Three additional bedrooms and a full bath are located on the opposite side of the home, offering flexibility for guests, family, or a home office. Additional highlights include an attached 2-car garage, covered back patio, storage/lawn shed, and RV parking pad with gated side access. Situated on a spacious corner lot, this home offers added space and functionality. Move-in ready and easy to show!

Investor Tools

Property Icon
$305,000
Estimated Property Value
$80,477Estimated Mortgage Balance
$224,523Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$300,394
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$358/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,768
$294,370
2025
$49,000
$245,370
$294,370
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,768
$294,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$100,000
No
First
Jan 10, 2017
Feb 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,477
$224,523
73%
26%
$600/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.

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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: Harker Heights

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1932 Merlin Drive | Property Details | No Agent List