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$383,209

NAL Estimated Property Value

505 N Main Street, Meridian, TX, 76665

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,906 Sq Ft
price_per_sqft$130.73 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesGas Water Heater, Vented Exhaust Fan
FlooringWood

Exterior

Exterior FeaturesStorage
Lot Size1.02 acres

Building Information

Year Built1930
Garage Spaces2

Land Information

APNR20566
Lot Number1
Land UseResidential
Legal DescriptionMERIDIAN OT/ A454 A650 A440 & A450 BLOCK 43 LOT 1, BLK 42, LT 1(NW/40)
Census Tract950200
Assessed Land Value$76,000
Assessed Improvement Value$307,209
Assessment Year2025

About this property

Motivated Seller!! Check out this stunning 1930 Craftsman-style home! With 4 bedrooms and 3 baths, this recently updated gem boasts new paint, an additional half bath, and a remodeled primary bath. Enjoy the charm of hardwood floors, granite countertops, and plenty of character throughout. Situated on a spacious 1-acre lot with a complete fence, you'll also find an abundance of pecan trees, two carports, and a shop with electric. The home comes with a transferable 2.125% interest rate. Stay prepared with a home generator and bask in natural light through the numerous windows. Cozy up by the multiple fireplaces and make this your dream home!

Investor Tools

Property Icon
$383,209
Estimated Property Value
$300,987Estimated Mortgage Balance
$82,222Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,299 /month
Positive
Cash Flow Estimate:
$766 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$713/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,645
$383,209
2025
$76,000
$307,209
$383,209
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,645
$383,209

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Fha
$309,238
Yes
First
Nov 12, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$300,987
$82,222
21%
79%
$1,855/mo

City: Meridian

505 N Main Street | Property Details | No Agent List