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$265,000

309 Merrell Drive, Sulphur Springs, TX, 75482

$272,629 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,027 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.74 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Microwave, Refrigerator

Exterior

Lot Size12,981 sqft

Building Information

Year Built1968
Garage Spaces2

Land Information

APNR000007886
SubdivisionGreen Acres
Land UseResidential
Legal DescriptionACRES: 0.298 LOT: 3 BLK: 224 1 A ADDN: GREEN ACRES 100X130
Census Tract950600
Assessed Land Value$25,000
Assessed Improvement Value$227,830
Assessment Year2025

About this property

Beautiful 3 bedroom, 2 Bath Brick home in the Green Acres Subdivision. Many renovations have been completed through out the home. The kitchen has been updated to open concept with new butcher block counter tops and appliances, the refrigerator is included. Spacious living room with fireplace. Home has new flooring, hardware in kitchen, bathrooms. Bathroom updated with new countertops and added shower. New roof in 2020 and new windows installed in the entire home. All new lighting, ceiling fans and so much more. Very nice backyard with a new covered patio. Property is in town and close to shopping and restaurants.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$0Estimated Mortgage Balance
$68,309Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$272,628
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,023
$252,830
2025
$25,000
$227,830
$252,830
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,023
$252,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Norvell Bowers Etux
Seller Carryback / Seller Financing / Seller Take-Back
$259,671
No
First
Jan 1, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,691
$68,309
21%
78%
$1,557/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.

Explore Texas Explore This Area
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: Sulphur Springs

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309 Merrell Drive | Property Details | No Agent List