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$244,000

NAL Estimated Property Value

4135 Misty Ln, Paris, TX, 75462

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$14.76 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Bathrooms Half 0.5Bathrooms Half 0.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone

Exterior

Lot Size9,409 sqft

Building Information

Year Built1992
Stories1
Garage Spaces2

Land Information

APN39621
Lot Number16
SubdivisionMorningside Estates
Land UseResidential
Legal DescriptionMORNINGSIDE ESTATES, BLOCK O, LOT 16, 4135 MISTY LANE 4135 MISTY LANE
Census Tract000900
Assessed Land Value$9,420
Assessed Improvement Value$163,560
Assessment Year2025

About this property

Unique opportunity in the heart of the established and family-friendly Morningside neighborhood in Paris, Texas. This property is being offered for its land and materials salvage value following a fire that impacted the current structure. The existing home is a total loss and will convey As-is with no repairs or warranties. This spacious, level, corner lot features several impressive trees that provide natural shade, privacy, and landscaping potential. The mature canopy creates a park-like setting while offering plenty of room for new plans. Existing fire-damaged structure remains for buyer to salvage bricks and any other building materials. The backyard includes a storm cellar and an older storage shed; condition of those structures is also uncertain. Morningside is known for its quiet, residential atmosphere with well-maintained homes. It's a highly sought-after area with convenient access to schools, parks, shopping, and dining. Access to lovely, shaded walking or biking on the Trail de Paris is just around the corner. Whether you're a builder, investor, or homeowner looking to create something new, this lot represents outstanding value in a stable, desirable location where comparable rebuilt or existing homes command strong prices. Seller makes no representations regarding the condition or safety of any remaining structures, debris, or salvageable materials. Utilities were on at the time of the fire but are now off and will not be turned back on. Cash or financing through local Paris, TX lenders familiar with the area is preferred. Buyer to verify all utilities, zoning, building requirements, and lot dimensions with the City of Paris or appropriate authorities. Property sold As-is, where-is. Listing Agent is part owner of the property. This is a rare chance to own a prime parcel in one of Paris’s most appealing neighborhoods. Contact Listing Agent for more information.

Investor Tools

Property Icon
$244,000
Estimated Property Value
$0Estimated Mortgage Balance
$244,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,629
$172,980
2025
$9,420
$163,560
$172,980
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,629
$172,980

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$244,000
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.

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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: Paris

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4135 Misty Ln | Property Details | No Agent List