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$496,000

NAL Estimated Property Value

420 Merriman Dr, Highland Village, TX, 75077

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.47 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Lot Size11,996 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR06209
Lot Number11
SubdivisionVillage Estates 3
Land UseResidential
Legal DescriptionVILLAGE ESTATES 3 BLK S LOT 11
Census Tract021513
Assessed Land Value$126,000
Assessed Improvement Value$270,390
Assessment Year2025

About this property

Welcome home to the quiet & established neighborhood of Village Estates. What an opportunity to purchase a home in Highland Village near the lake! This home features a spacious open living & dining area with a gas fireplace & wood look tile flooring. The updated kitchen has granite counters, tile backsplash, double ovens, stainless steel appliances, & lots of counter space. In addition to the dining room with updated lighting & bar is a smaller eat-in nook. The split bedroom home has four generous sized bedrooms & two full bathrooms. The master suite has a large walk-in closet & en-suite bathroom with shower & soaking tub. The backyard is huge & perfect for entertaining. Enjoy the mature trees with plenty of space for outdoor activities. This home is perfect for those who want to be close to great shopping, dining, & outdoor activities. It is also within walking distance to Highland Village Elem, Lake Lewisville & Double Tree Park. Don't miss out on this great opportunity!

Investor Tools

Property Icon
$496,000
Estimated Property Value
$338,710Estimated Mortgage Balance
$157,290Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,976 /month
Positive
Cash Flow Estimate:
$992 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$755/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,580
$396,390
2025
$126,000
$270,390
$396,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,580
$396,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$356,000
No
First
Sep 11, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,710
$157,290
31%
68%
$2,135/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,200/mo
$2,135/mo
+$1,065/mo
7.7%

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: Highland Village

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420 Merriman Dr | Property Details | No Agent List