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$199,999

305 Airport Road, Reno, TX, 75462

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,595 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.39 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Laminate, Vinyl

Exterior

Lot Size5,680 sqft

Building Information

Year Built2015
Garage Spaces1

Land Information

APN54056
Lot Number21
SubdivisionW Scott Survey
Land UseAgriculture / Farming
Legal DescriptionA856 W SCOTT SURVEY, TRACT 21, ACRES .568, 305 AIRPORT 305 AIRPORT
Census Tract000900
Assessed Land Value$15,800
Assessed Improvement Value$129,600
Assessment Year2025

About this property

This beautifully remodeled brick home, in fantastic North Lamar ISD, is ready for its new owners! The sellers are motivated to move closer to doctors, presenting a wonderful opportunity for you. Once inside you are greeted by an open floor plan, perfect for modern living. The home has been thoughtfully updated with custom cabinets, fresh paint throughout, and stylish, low-maintenance LVP flooring. The owners also replaced all the windows in the home in 2023. The kitchen is a chef's delight, featuring a beautiful farmhouse sink and sleek stainless-steel appliances. The primary bedroom offers a peaceful retreat, separate from the other bedrooms for added privacy. Enjoy the convenience of an ensuite bathroom complete with a relaxing soaking tub and a spacious walk-in closet. Situated on a generous half-acre+ lot, this property boasts fantastic outdoor amenities. You'll find a handy 12x15 storage shed with electricity, a convenient 3-unit storage structure with a carport, an older barn, and beautiful, mature pecan trees providing shade and character. This home is ideal for a small family looking for a great school district or someone seeking a peaceful spot to retire with plenty of room for hobbies and outdoor enjoyment.

Investor Tools

Property Icon
$145,400
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,584
$145,400
2025
$15,800
$129,600
$145,400
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,584
$145,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$199,582
Yes
First
May 5, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,068
N/A
0%
135%
$1,197/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: Reno

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