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$205,000

NAL Estimated Property Value

31314 Merry Merchant Street, Magnolia, TX, 77354

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.61 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Oven, Electric Range, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size1.00 acres

Building Information

Year Built1998
Stories1
Garage Spaces1

Land Information

APN3281-00-02900
Lot Number29
SubdivisionCanterbury Ranch 01
Land UseResidential
Legal DescriptionS328100 - CANTERBURY RANCH 01, LOT 29, SERIAL # TXFLW86A31012LS11, TITLE # CANCELED, LABEL # RAD1039830
Census Tract690407
Assessed Land Value$20,060
Assessed Improvement Value$164,648
Assessment Year2025

About this property

Welcome to 31314 Merry Merchant! This incredible property is perfect for those tired of renting storage space for their business or driving back and forth to their shop. With a 30x50 commercial grade shop already equipped with power, you can now live and work all in one place. If you're just in need of extra storage space, look no further! In addition to the spacious shop, this property also features a beautifully updated doublewide home with 3 bedrooms and 2 bathrooms. With 1344 square feet of living space, there's plenty of room to entertain family and friends. Don't miss out on this amazing opportunity for only 275,000!

Investor Tools

Property Icon
$205,000
Estimated Property Value
$240,234Estimated Mortgage Balance
$205,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$295/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,514
$184,708
2025
$20,060
$164,648
$184,708
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,514
$184,708

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sergio Hinojosa
Seller Carryback / Seller Financing / Seller Take-Back
$250,000
No
First
Mar 22, 2024
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,234
N/A
0%
117%
$1,499/mo

City: Magnolia

31314 Merry Merchant Street | Property Details | No Agent List