Last 24 Hours
$228,000
NAL Estimated Property Value3505 Merrill Ave, Odessa, TX, 79764
Off Market
4 Beds
2 Bath
1,316 Sq Ft
Single Family Residence
$174.77 / sqft
Built in 1958Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 4
Bathrooms Full 1Bathrooms Half 1
Garage AvailableExterior
Lot Size7,200 sqft
Building Information
Year Built1958
Garage Spaces2
Land Information
APN31700.02500.00000
Lot Number13
SubdivisionTerrace Hills
Land UseResidential
Legal DescriptionTERRACE HILLS BLOCK 20 LOT 13
Census Tract000700
Assessed Land Value$20,952
Assessed Improvement Value$144,291
Assessment Year2025
About this property
Fully updated 4 bedroom, 1.5 bath home in a centrally located area! This move-in-ready property features a 2-year-old A/C unit and a brand-new dishwasher. The spacious layout offers comfort and functionality for any family. Bonus: a private mother-in-law suite or apartment complete with mini split, full kitchen, and full bath, perfect for guests or generating additional rental income!
Investor Tools
$228,000
Estimated Property Value
$97,289Estimated Mortgage Balance
$130,894Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,347
$165,243
2025
$20,952
$144,291
$165,243
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,347
$165,243
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$106,337
Yes
First
Oct 29, 2021
Nov 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,289
$140,711
59%
43%
$638/mo
12.4%