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$459,900

$469,900

505 N Neu Dr, Lindsay, TX, 76250

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,958 Sq Ft
price_per_sqft$234.88 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size12,075 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APN160625
Lot Number21
SubdivisionJohnny Neu Addn
Land UseOther / Unknown
Legal DescriptionJOHNNY NEU ADDN; LOT 21
Census Tract000200
Assessed Land Value$65,080
Assessed Improvement Value$386,750
Assessment Year2025

About this property

Welcome to life in the highly sought-after community of Lindsay. Built in 2023, this beautifully designed single-story home offers the perfect blend of modern comfort, functional living, and small-town charm. Situated on over a quarter-acre lot, this 4-bedroom, 2-bathroom home features just under 2,000 square feet of thoughtfully designed living space, plus a 400-square-foot shop, providing endless possibilities for storage, hobbies, or a workspace. Step inside through the inviting 12-by-6-foot foyer, which opens to a spacious family room designed for gathering and everyday living. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating a welcoming atmosphere for entertaining and making memories. The kitchen is both stylish and practical, featuring a large island with dual sinks, a breakfast bar, quartz countertops, ample cabinetry, and clear sightlines to the family room and dining area. The split-bedroom floor plan offers privacy and functionality, with the spacious primary suite tucked away from the secondary bedrooms. The owner's retreat includes a large walk-in closet and an en-suite bath designed for comfort and convenience. Additional features include blinds throughout, a sprinkler system, gutters, and the ease of single-story living. Outside, the oversized lot provides room to relax, play, garden, or enjoy the added versatility of the detached shop. Located in desirable Lindsay, known for its strong sense of community and small-town appeal, this move-in-ready home offers the perfect opportunity to enjoy modern living! Garage is converted to accomodate a 5th bedroom or can be converted back for full garage functionality.

Investor Tools

$303,355Estimated Mortgage Balance
$146,344Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,759 /month
Positive
Cash Flow Estimate:
$920 /month

Interested in this property?

Jessica Childers

Agape and Associates LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,248
$448,665
2025
$65,080
$386,750
$451,830
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,248
$448,665

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$319,920
No
First
Aug 24, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,355
$145,310
32%
68%
$1,919/mo

City: Lindsay