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$280,000

NAL Estimated Property Value

402 S Erath, Meridian, TX, 76665

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,501 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.21 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesElectric Water Heater
FlooringLaminate, Wood

Exterior

Lot Size25,178 sqft

Building Information

Year Built1950
Garage Spaces2

Land Information

APNR19370
Land UseResidential
Legal DescriptionMERIDIAN OT/ A454 A650 A440 & A450 BLOCK S44(NEC)
Census Tract950200
Assessed Land Value$19,833
Assessed Improvement Value$194,663
Assessment Year2025

About this property

This small farm in Bosque County is the hidden gem you have been looking for! With over 5 acres of beautiful pecan trees and plenty of room for animals, it offers a perfect blend of rural charm and convenience. The farmhouse, complete with a wood-burning fireplace and original built-ins, would be ideal for family or friend gatherings. The bedrooms are both oversized and would be ideal for any furniture arrangement. BONUS is the roof is only 5 years old and the owners installed the HVAC 2 years ago!! The dedicated spaces for animals, including a chicken coop and goat shed, along with the garden area and water spigots, make it a great spot for anyone interested in homesteading or farming. Anyone would surely love to visit and explore this lovely property!

Investor Tools

Property Icon
$280,000
Estimated Property Value
$27,412Estimated Mortgage Balance
$252,588Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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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
$3,087
$214,496
2025
$19,833
$194,663
$214,496
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,087
$214,496

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
James Hardin
Unknown
$50,000
No
First
Jun 27, 2008
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$27,412
$252,588
90%
10%
$300/mo

City: Meridian