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Days495Days on Market
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$569,000

$579,000

3661 S Highway 281, Mineral Wells, TX, 76067

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.12 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage
Lot Size6.70 acres

Building Information

Year Built1947

Land Information

APN010430000
SubdivisionDimpkins Survey A-152
Land UseResidential
Legal DescriptionAB 152 TR 20A J DIMPKIN-SW G#10152-00-0020A-000-00-0
Census Tract000402
Assessed Land Value$190,950
Assessed Improvement Value$320,890
Assessment Year2025

About this property

Inside, the home features a spacious living room with a wood-burning fireplace and hardwood floors throughout most of the home. A versatile craft room with its own exterior entrance provides the perfect space for a home office, studio, or hobby room. All three bedrooms are generously sized, offering comfortable living throughout. A bright sunroom overlooks the oversized back porch and pergola, complete with a second wood-burning fireplace, creating an inviting space for relaxing or entertaining year-round. The outdoor amenities make this property truly special. Enjoy a modern in-ground pool and architecturally matching cabana, surrounded by artificial turf across the expansive backyard, which also features a four-hole putting green. The property includes Bluetooth-compatible ceiling speakers throughout the home and on the patio, making indoor and outdoor entertaining seamless. Additional features include covered carport parking for up to five vehicles, a shop with electricity, and a miniature horse barn with back pasture, ideal for show animals or equestrian use. The grounds are fully irrigated and beautifully lit, with exterior lighting on the home and in the surrounding trees. Combining country charm, modern amenities, and exceptional outdoor living, this unique property offers space, privacy, and endless possibilities.

Investor Tools

Property Icon
$511,840
Estimated Property Value
$0Estimated Mortgage Balance
$511,840Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month

Interested in this property?

Rees Atkins

The Atkins Agency

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,796
$511,840
2025
$190,950
$320,890
$511,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,796
$511,840

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$575,000
100%
0%
$0/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: Mineral Wells

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3661 S Highway 281 | Property Details | No Agent List