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$255,120

NAL Estimated Property Value

238 Summit Drive, Mineral Wells, TX, 76067

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,410 Sq Ft
price_per_sqft$124.75 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven
FlooringVinyl

Exterior

Lot Size10,062 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN203492900
Lot Number18R
SubdivisionRidgewood #4
Land UseResidential
Legal DescriptionRIDGEWOOD #4 LOT 18R G#R0700-00-00000-18R-00-0
Census Tract000402
Assessed Land Value$19,640
Assessed Improvement Value$235,480
Assessment Year2025

About this property

Are you excited about a new home? I know we are! We don't have many new homes being built in Mineral Wells and it is great to have these homes on Summit Dr. to offer. Photo you see is a representation of the house that will be built and is not the actual home. Under construction 3 bedroom, 2 bath home with approximately 1410 square feet. If you would like to be outside the city limits, but within ten minutes of town, this is a great location for you. This is an interior lot and the exterior of the home with be brick and rock. Covered front porch. Open concept floor plan with an island in the kitchen. Full size laundry area; all electric home. More photos will be added as construction progresses.

Investor Tools

Property Icon
$255,120
Estimated Property Value
$171,647Estimated Mortgage Balance
$83,473Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,531 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,864
$255,120
2025
$19,640
$235,480
$255,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,864
$255,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$176,395
Yes
First
Dec 23, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,647
$83,473
32%
67%
$1,147/mo

City: Mineral Wells

238 Summit Drive | Property Details | No Agent List