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$362,000

NAL Estimated Property Value

2165 Fm 1235, Merkel, TX, 79536

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,030 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.56 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave

Exterior

Private PoolPrivate Pool
Lot Size4 acres

Building Information

Year Built1984
Stories1
Roof Type312
Garage Spaces4

Land Information

APNA0073015300
SubdivisionSur 147 Grimes County School
Land UseResidential
Legal DescriptionA0073 SUR 147 GRIMES COUNTY SCHOOL, TRACT 29, ACRES 4.00
Census Tract013601
Assessed Land Value$40,000
Assessed Improvement Value$306,820
Assessment Year2025

About this property

An incredible opportunity has just become available in Taylor County, Texas. A rural residential property that was built with forever in mind. The 1995 Sq. ft. 4bed, 2bath home is set on 2 acres. Far enough from town for privacy, but close enough to city convenience. The primary bedroom is ample in size, offers a Private bathroom. The well-lit Living room is functional and can comfortably accommodate any family. Kitchen has lovely cabinetry, beautiful c-tops and SS appliances. A Spacious Dining, great for seating family and guests. New floor throughout. The secluded outdoor spaces have been tastefully designed, above ground pool, Bermuda Sod front & back and water-well within ground sprinklers in the front. Jaw-dropping shop that is 30x40 insulated with heating, AC and electric for welding. The shop has a 40X12 covered porch. Don't forget about the 20X30 carport and circle drive, parking galore! This home has so much to offer, it will provide the ideal location to enjoy the Good Life!

Investor Tools

Property Icon
$362,000
Estimated Property Value
$330,725Estimated Mortgage Balance
$31,275Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,172 /month
Positive
Cash Flow Estimate:
$724 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$456/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,657
$346,820
2025
$40,000
$306,820
$346,820
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,657
$346,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$337,168
Yes
First
Apr 23, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,725
$31,275
8%
91%
$2,022/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,390/mo
$2,022/mo
$-632/mo
4.6%

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: Merkel

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2165 Fm 1235 | Property Details | No Agent List