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$199,000

3103 N Spanish Palms Dr, Mercedes, TX, 78570

$252,417 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,650 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.61 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Cooktop, Electric Water Heater
FlooringTile

Exterior

Lot Size22,547 sqft

Building Information

Year Built1997
Stories1
Roof Type105

Land Information

APNS5310-00-001-0016-00
Lot Number16
SubdivisionSpanish Palms - See
Land UseResidential
Legal DescriptionSPANISH PALMS LOT 16 BLK 1
Census Tract024501
Assessed Land Value$49,599
Assessed Improvement Value$122,554
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bath home in Mercedes, Texas, set on a little over half an acre of unrestricted land. The spacious lot gives you the freedom to customize. Imagine adding a pool, a gazebo, or creating the perfect backyard oasis. With room to entertain and host large gatherings, this property combines comfort and potential. Schedule your showing today before it's gone!

Investor Tools

$30,775Estimated Mortgage Balance
$152,225Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$252,417
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,323
$172,153
2025
$49,599
$122,554
$172,153
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,323
$172,153

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Purchase Money Mortgage
$54,400
No
First
Jan 7, 2009
Feb 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$30,775
$152,225
83%
17%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
N/A
+$1,141/mo
7.5%

City: Mercedes