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$506,000

NAL Estimated Property Value

465 Grimes Rd, Mineral Wells, TX, 76067

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,119 Sq Ft
FarmFarm
price_per_sqft$278.43 / sqft
Year BuiltBuilt in 1995

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Range
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size1 acre

Building Information

Year Built1995

Land Information

APN036263000
Land UseResidential
Legal DescriptionAB 619 TR 3-4A TE&L CO 2522 (TRA0237859/60) G#10619-00-00030-004-0A-0 MPHMAKE: ELLIOTT HOMES INC [MADILL] MPHMODEL: SOLITAIRE
Census Tract000401
Assessed Land Value$15,600
Assessed Improvement Value$149,410
Assessment Year2025

About this property

Beautiful farm property on 25 acres! Ag Exempt! Expansive views, beautiful trees and tons of space! Hay producing property. Bring all of your animals, fully fenced for livestock. Cross fencing. Don't forget the chickens, coop already in place. Hay barn and other structures with large outbuildings. A stock tank to call your own. Area perfect for your garden. Two wells. The home is inviting and spacious with covered porches to enjoy. Metal roof is approx. three years old. AC and all ductwork replaced August of 2021. Seller's have made other cosmetic updates. An auxillary generator will convey with property. Come take a look and live your dreams in a peaceful place!

Investor Tools

Property Icon
$506,000
Estimated Property Value
$0Estimated Mortgage Balance
$506,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,540 /month
Positive
Cash Flow Estimate:
$1,180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,670
$165,010
2025
$15,600
$149,410
$165,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,670
$165,010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$506,000
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: Mineral Wells

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465 Grimes Rd | Property Details | No Agent List