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$259,000

NAL Estimated Property Value

308 Grace Ln, Terrell, TX, 75160

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,953 Sq Ft
price_per_sqft$125.45 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Combination, Hardwood, Laminate

Exterior

Exterior FeaturesOther, Rain Gutters, Storage
Lot Size10,498 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces4

Land Information

APN00.3720.0390.0002.03.06.06
SubdivisionTerrell Revised
Land UseResidential
Legal DescriptionTERRELL REVISED, BLOCK 390, LOT 2C1; & HOUSE, UNDIVIDED INTEREST 50.0000000000% & HOUSE
Census Tract050402
Assessed Land Value$29,873
Assessed Improvement Value$87,628
Assessment Year2025

About this property

Lovely 3 bedroom, 2 bathroom home has a large family room with a wood burning fireplace, original hardwood in 2 of the 3 bedrooms and the living room, large lot close to Terrell historic district. This house needs some updating, but has been well loved and cared for. Shingles and new guttering installed November 2023, 1 car garage attached and a detached 1 car garage. This property has a detached workshop and a storage building with cedar chipboard inside. There is additional covered parking as well. Seller will pay up to 3% buyer closing costs with acceptable offer.

Investor Tools

Property Icon
$259,000
Estimated Property Value
$225,985Estimated Mortgage Balance
$33,015Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$664/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,678
$117,501
2025
$29,873
$87,628
$117,501
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,678
$117,501

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$227,950
No
First
Apr 30, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$225,985
$33,015
12%
87%
$1,408/mo

City: Terrell