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$350,000

321 Merrell Drive, Sulphur Springs, TX, 75482

$441,152 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths3,395 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.09 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesElectric Range
FlooringCarpet, Ceramic Tile, Vinyl

Building Information

Year Built1967
Garage Spaces2

Land Information

APNR000007889
SubdivisionGreen Acres
Land UseResidential
Legal DescriptionLOT: 6 BLK: 224 1 A ADDN: GREEN ACRES 100X130
Census Tract950600
Assessed Land Value$25,000
Assessed Improvement Value$222,990
Assessment Year2025

About this property

Spacious and versatile, this 3,395 sq. ft. home offers room for everyone with 5 bedrooms, 3 full bathrooms, an office, and a large bonus den area. The flexible floor plan provides multiple living spaces ideal for working from home, entertaining, hobbies, or accommodating a growing household. The two-story layout features generous room sizes throughout, along with recent updates that enhance the home's comfort and appeal. The large living area serves as the heart of the home, while the additional office and bonus room provide endless possibilities for customization. Outside, enjoy a fenced backyard perfect for pets, play, or relaxing evenings, as well as the convenience of a two-car garage. Located in a quiet, established neighborhood, this home offers easy access to schools, shopping, dining, and everyday conveniences, including Walmart just minutes away. If you've been searching for space, flexibility, and value, this home delivers all three.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$0Estimated Mortgage Balance
$210,958Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$441,151
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

Kason Childress

Freedom Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$819
$247,990
2025
$25,000
$222,990
$247,990
No

Tax History

Year
Tax Paid
Assessed Value
2025
$819
$247,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank
Conventional
$188,000
No
First
May 10, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,042
$210,958
55%
45%
$1,128/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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321 Merrell Drive | Property Details | No Agent List