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$320,000

406 Locust, Merkel, TX, 79536

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,756 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.23 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Electric Range, Microwave
FlooringCombination, Other

Exterior

Exterior FeaturesStorage
Lot Size12,602 sqft

Building Information

Year Built1915
Stories1
Roof Type105
Garage Spaces2

Land Information

APNS1700000100
Lot Number1
SubdivisionSheppard 1st Of Merkel
Land UseResidential
Legal DescriptionSHEPPARD 1ST OF MERKEL, BLOCK A, LOT 1 & N40 LT 2
Census Tract013601
Assessed Land Value$2,520
Assessed Improvement Value$129,300
Assessment Year2025

About this property

Don't miss this historic updated Craftsman home that blends modern improvements with the character and craftsmanship of its original design. Updates include flooring, electrical, plumbing, countertops, and refreshed bathrooms, while original hardwood trim, distinctive fireplaces, and other period details preserve the home’s timeless appeal. Located less than 15 minutes from Dyess Airforce Base or the back gate of the new data center, this home is in the perfect location to enjoy small town living while still being close enough to all the hustle and bustle of a larger area. The spacious laundry room features a convenient pet-washing station. Additional features include a cistern and a basement offering easy access to the HVAC system and water heater, along with flexible space that could be used for storage, hobbies, recreation, or a craft area. The basement offers indoor and outdoor access. A detached guest house adds even more versatility and includes a kitchen and bathroom. This separate space offers possibilities for guest accommodations, a home office, studio, or potential rental use, subject to applicable zoning and local requirements. A unique property offering historic Craftsman character, thoughtful updates, flexible living spaces, and additional improvements—all ready for its next chapter.

Investor Tools

$0Estimated Mortgage Balance
$228,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

Interested in this property?

Beki Kofoed

Carriage House

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$164/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$830
$125,613
2025
$2,520
$129,300
$131,820
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$830
$125,613

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,390/mo
N/A
+$1,390/mo
7.3%

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: Merkel

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