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$243,000

NAL Estimated Property Value

2903 Michael Lane, Mineral Wells, TX, 76067

$258,830 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,990 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.75 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size13,809 sqft

Building Information

Year Built1970
Garage Spaces2

Land Information

APN168640000
Lot Number19
SubdivisionMurco Heights
Land UseResidential
Legal DescriptionMURCO HEIGHTS BLK 7 LOT 19 G#M0700-00-00070-019-00-0
Census Tract000700
Assessed Land Value$34,120
Assessed Improvement Value$171,330
Assessment Year2025

About this property

Magnificent Murco Addition DEFINES YOUR LIFESTYLE. INVITES ENTERTAINMENT. Landscaped and Diving Pool. Brick Three Bedrooms, Two Baths. Hall Bath has double Sinks. Master Bath has huge walk in Shower and Double Sinks. Split Bedrooms Living with Formal dining. Family Room with Gas Wood Burning Fireplace. Large Separate Utility with plenty of Storage. Utility Perfect for a Mud Room exiting to Pool Area. Spectacular Large Kitchen eat in Breakfast Area. Hardwood Floors Updated Carpet Storage Bldg 8x12 Two Car Garage. Workshop Area in the Garage Garage 8x9. Lovely Home. Large Oak Trees.

Investor Tools

Property Icon
$243,000
Estimated Property Value
$278,046Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$258,829
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,919 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$475/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,486
$205,450
2025
$34,120
$171,330
$205,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,486
$205,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$303,905
No
First
Nov 12, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,046
N/A
0%
114%
$1,823/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: Mineral Wells

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2903 Michael Lane | Property Details | No Agent List