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$300,000

NAL Estimated Property Value

277 Homer Street, Wells, TX, 75976

Off MarketInfo
Beds5 Beds
Baths1 Bath
Baths1,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.46 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 1Bathrooms 1
AppliancesMicrowave, Electric Range, Dishwasher

Exterior

Lot Size22,216 sqft

Building Information

Year Built2023

Land Information

APN115076000
SubdivisionI R Lewis Survey A-
Land UseResidential
Legal DescriptionA 534 BLK 288 TR 6 I R LEWIS P21
Census Tract951100
Assessed Land Value$2,550
Assessed Improvement Value$173,260
Assessment Year2025

About this property

Welcome to your dream home! This metal frame home is waiting for you. With attention to detail, this home is sure to impress. Entering the home, you'll be greeted with custom stained floors, and an open and spacious floor plan perfect for entertaining. The living room features vaulted ceilings that allow natural light to flood the space. The kitchen is a chef's dream with beautiful granite countertops, custom cabinets, and a tile backsplash. The kitchen also includes all appliances and a large island that provides plenty of prep space. The master suite is a true oasis with a custom shower and beautiful finishes. The two additional bedrooms are spacious and bright, all include 9' ceilings. Outside, you'll find a 24x24 gabled carport on a concrete slab that provides ample covered parking for your vehicles, and an inviting covered back patio. Showy stone accents across the front of the home, and the concrete driveway also ensures that you and your guests will have plenty of parking space.

Investor Tools

Property Icon
$300,000
Estimated Property Value
$199,133Estimated Mortgage Balance
$100,867Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$861
$175,810
2025
$2,550
$173,260
$175,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$861
$175,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Conventional
$200,000
No
First
Feb 27, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,133
$100,867
33%
66%
$1,200/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: Wells

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277 Homer Street | Property Details | No Agent List