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$206,000

NAL Estimated Property Value

502 Charles Ln, Terrell, TX, 75160

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,356 Sq Ft
price_per_sqft$124.63 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator

Exterior

Lot Size8,394 sqft

Building Information

Year Built1961
Stories1
Roof Type105

Land Information

APN00.3720.0702.0009.01.06.06
Lot Number9D
SubdivisionTerrell Revised
Land UseResidential
Legal DescriptionTERRELL REV BLOCK 702 LOT 9D STILES RESUB
Census Tract050300
Assessed Land Value$51,629
Assessed Improvement Value$132,371
Assessment Year2025

About this property

Cute Starter or downsizing home. Great investment opportunity if you are looking for investment property. This home has 3 bedrooms, 1bath and a Garage Conversion that could be used for a 4th Bedroom, dining room or an office. Master bath has 2 sinks and lots of cabinet space for toiletries. Large fenced-in shaded backyard all on corner lot. Within walking distance to Furlough MS, the Excel Center and Ben Gill park which features the community swimming pool, tennis courts and a park!

Investor Tools

Property Icon
$206,000
Estimated Property Value
$161,788Estimated Mortgage Balance
$44,212Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,236 /month
Positive
Cash Flow Estimate:
$412 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,957
$184,000
2025
$51,629
$132,371
$184,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,957
$184,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City First Mortgage Corp
Conventional
$162,960
No
First
Nov 3, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$161,788
$44,212
21%
79%
$1,018/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: Terrell

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502 Charles Ln | Property Details | No Agent List