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B+
NoAgentList RatingHow are grades calculated? Info

$274,900

202 Margaret Street, Fate, TX, 75189

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,735 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.44 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDisposal, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Lot Size21,867 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN4386-000F-0008-00-0R
Lot Number8
SubdivisionMelody Ranch Phase 1
Land UseResidential
Legal DescriptionMELODY RANCH PHASE 1, BLOCK F, LOT 8
Census Tract040409
Assessed Land Value$160,000
Assessed Improvement Value$221,723
Assessment Year2025

About this property

One of the last half acre properties in the Melody Ranch Subdivison! Great location, and only 5 minutes away from the brand new and famous Buc-ee's, and only 2 minutes from I-30! At least 20 extra feet behind the fence line still belong to this property that leads into a peaceful walking and jogging trail with beautiful scenery. This is an amazing home located in a great and very well established community in Fate that is perfect for any type of home buyer!

Investor Tools

Property Icon
$381,723
Estimated Property Value
$0Estimated Mortgage Balance
$141,918Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,290 /month
Positive
Cash Flow Estimate:
$763 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$726/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,802
$381,723
2025
$160,000
$221,723
$381,723
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,802
$381,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Land-Home Financial Services
Fha
$269,920
Yes
First
Aug 13, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,805
$141,918
37%
63%
$1,619/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: Fate

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202 Margaret Street | Property Details | No Agent List