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$270,630

201 Michelle Dr, Converse, TX, 78109

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,298 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.43 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Cooktop, Disposal
FlooringLaminate

Exterior

Lot Size14,040 sqft

Building Information

Year Built1975
Stories1
Roof Type109

Land Information

APN05063-202-0010
Lot Number1
SubdivisionQuail Rdg/Convrs Hlls
Land UseResidential
Legal DescriptionCB 5063B BLK 2 LOT 1
Census Tract121505
Assessed Land Value$83,540
Assessed Improvement Value$187,090
Assessment Year2025

About this property

This beautifully remodeled 4-bedroom, 2-bathroom home is offered with Owner finance. The inviting floor plan includes a large living and dining area, creating an ideal space for family gatherings and entertaining. Adjacent to the kitchen is a cozy breakfast room, offering a perfect spot for casual meals or additional seating. This home has been updated with high-end finishes, including new granite island and countertops throguhout, modern appliances, and stylish new fixtures. All plumbing has been replaced with new PEX piping, and the sewer line is also new. The foundation has been leveled and comes with a transferable warranty, providing added peace of mind. One of the standout features of this property is located on a spacious corner lot at the intersection of FM 1976 and Michelle. With excellent visibility from FM 1976 with easy access to major thoroughfares like 1604, this property is ideal for those seeking a home with the flexibility for a home office or business location. The massive lot, which offers abundant parking space for vehicles, equipment, or guests. This property is a short walk to parks, offering the opportunity for outdoor activities, relaxation, and recreation. The location is a perfect balance between a quiet, residential atmosphere and proximity to shopping, dining, and major highways, ensuring convenience for both business and personal needs. Whether you're looking for a spacious family home with room to grow or a property with the flexibility for a home office or commercial use, this property offers endless possibilities. The modern updates, large lot, ample parking, and excellent location make this a unique and highly desirable opportunity. Schedule a showing and explore all the potential this property has to offer!

Investor Tools

Property Icon
$270,630
Estimated Property Value
$193,500Estimated Mortgage Balance
$80,827Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,624 /month
Positive
Cash Flow Estimate:
$541 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,266
$270,630
2025
$83,540
$187,090
$270,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,266
$270,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John F Fuini Jr
Unknown
$193,500
No
First
Apr 11, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,803
$80,827
29%
70%
$1,161/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,980/mo
$1,161/mo
+$819/mo
8.8%

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: Converse

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201 Michelle Dr | Property Details | No Agent List