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$401,370

NAL Estimated Property Value

2451 W Mimosa Lane, Stephenville, TX, 76401

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,879 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.2 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Water Softener
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size14,593 sqft

Building Information

Year Built1977

Land Information

APNR000034603
Lot Number10
SubdivisionWest Oaks Addition
Land UseResidential
Legal DescriptionS7000 WEST OAKS ADDITION;, BLOCK 3;, LOT 10
Census Tract950402
Assessed Land Value$45,000
Assessed Improvement Value$356,370
Assessment Year2025

About this property

Need a home near Tarleton State University? Beat the Heat with this Sparkling Pool! This charming home has four bedrooms, three baths and is conveniently to schools, shopping, restaurants and Tarleton State University. This beautifully updated home offers an open floor plan, an updated kitchen with island, double oven, quartz counters and a light and bright dining area. The spacious living room boast vaulted ceiling with wooden beams and a gas fireplace. A large flex room is currently being used as a home office but it has endless possibilities. Luxury vinyl plank was installed throughout in 2019 with the exception of two carpeted bedrooms. The private backyard is ready for summer fun with an inground pool and spa completed in 2022. The property has a newly stained wooden fence and wrought iron fencing around the pool. Roof was replaced in 2017.

Investor Tools

Property Icon
$401,370
Estimated Property Value
$309,486Estimated Mortgage Balance
$91,884Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,408 /month
Positive
Cash Flow Estimate:
$803 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$401,370
2025
$45,000
$356,370
$401,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$401,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Tom Bean
Commercial
$316,000
No
First
Mar 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,486
$91,884
22%
77%
$1,895/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: Stephenville

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2451 W Mimosa Lane | Property Details | No Agent List