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$488,000

304 Mimosa Drive, Murphy, TX, 75094

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths2,246 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.16 / sqft
Year BuiltBuilt in 2000

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-3842-00F-0150-1
Lot Number15
SubdivisionTimbers No 6 Phase Ii (Cmr)
Land UseResidential
Legal DescriptionTIMBERS NO 6 PHASE II (CMR), BLK F, LOT 15
Census Tract031335
Assessed Land Value$115,000
Assessed Improvement Value$348,574
Assessment Year2025

About this property

Spacious 3 bedroom, 2 bathroom home in Murphy offering over 2,200 square feet of bright, open living space. Features include high ceilings, abundant natural light, and a large living area that flows seamlessly into the kitchen, ideal for everyday living and entertaining. Generously sized bedrooms, including a private primary suite, provide a comfortable and functional layout. Enjoy a private patio perfect for relaxing or hosting guests. Located in a quiet, well kept neighborhood just minutes from a nearby park with great amenities. Convenient access to shopping, dining, and major highways.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,681
$463,574
2025
$115,000
$348,574
$463,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,681
$463,574

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$488,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
N/A
+$2,960/mo
7.3%

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: Murphy

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