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$450,000

308 Lovers Ln, Terrell, TX, 75160

$491,566 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,825 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.29 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop

Exterior

Lot Size1.18 acres

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces3

Land Information

APN00.1052.0000.0002.00.06.06
Lot Number2E
SubdivisionFairway View Estates
Land UseResidential
Legal DescriptionFAIRWAY VIEW ESTATES, LOT 2E; & HOUSE & HOUSE
Census Tract050300
Assessed Land Value$102,976
Assessed Improvement Value$380,556
Assessment Year2025

About this property

Welcome to this one-of-a-kind property, where luxury meets opportunity and NO HOA!!!! This recently renovated home offers not only exquisite living spaces but also an additional acre of land, making it an investor's dream. The possibilities are endless with the extra land – whether you choose to expand the current property, build another home for family members, or explore investment opportunities. Inside, you'll find modern amenities including a tankless water heater, ensuring comfort and convenience for everyday living. Located just five minutes to walking paths, tennis courts, a swimming pool, and a host of other recreational facilities. Grocery stores, gas stations, pharmacies, gyms, restaurants, and a movie theater add to the convenience of this prime location. Don't miss your chance to own this exceptional property that offers both luxury and potential for future growth. Schedule a viewing today and envision the possibilities that await you in this beautiful home!

Investor Tools

Property Icon
$483,532
Estimated Property Value
$455,360Estimated Mortgage Balance
$32,141Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$491,565
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,901 /month
Positive
Cash Flow Estimate:
$967 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,650
$483,532
2025
$102,976
$380,556
$483,532
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,650
$483,532

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$455,360
Yes
First
Nov 17, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,391
$32,141
6%
93%
$2,731/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: Terrell

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308 Lovers Ln | Property Details | No Agent List