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$428,000

506 N Neu Drive, Lindsay, TX, 76250

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,977 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.03 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

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, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size13,499 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APN160639
Lot Number38
SubdivisionJohnny Neu Addn
Land UseResidential
Legal DescriptionJOHNNY NEU ADDN; LOT 38
Census Tract000200
Assessed Land Value$67,095
Assessed Improvement Value$356,609
Assessment Year2025

About this property

Single story living in the wonderful Lindsay community! Call today to see this gorgeous all brick home on a large corner lot. Fantastic floor plan that encompasses four bedrooms and two full baths in a split bedroom arrangement. The 12x6 foyer leads to a spacious family room, while the kitchen overlooks the family room and flows into the dining area. The kitchen island provides a sink, breakfast bar and quartz countertops. No worries on window treatments - home provides 2 inch blinds on all windows. Primary suite includes a large walk in closet and ensuite bath. Property has sprinkler system, gutters and home is spray foam encapsulated to reduce your utility bills! No Survey available.

Investor Tools

Property Icon
$428,000
Estimated Property Value
$0Estimated Mortgage Balance
$103,031Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$696/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,208
$423,704
2025
$67,095
$356,609
$423,704
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,208
$423,704

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$336,000
No
First
Jul 19, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,969
$103,031
24%
76%
$2,015/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.

Explore Texas Explore This Area
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: Lindsay

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506 N Neu Drive | Property Details | No Agent List