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$396,000

NAL Estimated Property Value

302 Owl Way, Fritch, TX, 79036

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,200 Sq Ft
price_per_sqft$333.25 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesRange, Microwave, Dishwasher

Building Information

Year Built2021
Garage Spaces3

Land Information

APN5998
Land UseResidential
Legal Description4-5 BLK 24 SEC B LMH
Census Tract950502
Assessed Land Value$2,200
Assessed Improvement Value$102,810
Assessment Year2025

About this property

Set just moments from Lake Meredith, this barndominium offers the kind of views and flexibility that are almost impossible to find. With lake views from multiple angles, you can truly take in the peaceful surroundings and wide-open skies. Inside, the home features three bedrooms, two bathrooms, and tall ceilings that create an open, airy feel throughout. Built with comfort and efficiency in mind, the property includes spray foam insulation, a Class 4 roof, a water softener, and a water filtration system. Whether you're looking for a full-time residence or a relaxing getaway, this is the property for you! One of the standout features is the massive attached garage, designed with incredible versatility. This space functions almost like additional living area and includes a sink, a bar, double ovens, a workbench, and multiple oversized garage doors - perfect for entertaining, projects, or storing lake toys. RV hookups add even more convenience for hosting guests or traveling with ease. To top it off, a golf simulator and a new karaoke setup can be included with an acceptable offer, creating a fun, ready-made entertainment space. With low-maintenance features and a layout designed for both relaxation and functionality, this property is a rare opportunity to enjoy lake living at its best.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$150,198Estimated Mortgage Balance
$245,802Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$204/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$472
$105,010
2025
$2,200
$102,810
$105,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
$472
$105,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$158,400
No
First
Jul 3, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,198
$245,802
62%
38%
$950/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: Fritch

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302 Owl Way | Property Details | No Agent List