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$499,000

5122 S County Road 1183, Midland, TX, 79706

$648,700 ARVInfo
PendingInfo
Beds4 Beds
Baths4 Bath
Baths3,850 Sq Ft
price_per_sqft$129.61 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Lot Size19,166 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APNR000046431
Lot Number26
SubdivisionSouthern Meadows
Land UseResidence
Legal DescriptionACRES: 0.440 BLK: 006 LOT: 026 ADDN: SOUTHERN MEADOWS
Census Tract010127
Assessed Land Value$4,400
Assessed Improvement Value$536,940
Assessment Year2025

About this property

WHAT A SHOWPLACE FOR THE MONEY A STUNNING 4 BED 4 BATH STONE CUSTOM BUILT HOME OUTSIDE THE CITY LIMITS. CUSTOM KITCHEN MADE FOR THE WOMEN THAT LOVES TO ENTERTAIN. GRANITE COUNTER TOPS, DOUBLE SINKS, DOUBLE OVENS, PANTRY, WITH CUSTOM CABINETRY WITH LOTS OF STORAGE. OPEN LIVING DINING AREA WITH TREY CEILINGS, TILED FLOORING WITH A STONE FIREPLACE. SPACIOUS MASTER SUITE WITH WALKIN CLOSETS, SOAKING TUB, AND FRENCH DOORS LEADING OUT TO THE PATIO AND POOL AREA. TWO OTHER BEDROOMS DOWNSTAIRS EACH WITH PRIVATE BATH. BED AND BATH UPSTAIRS. GOOD SIZE LAUNDRY ROOM, MAN CAVE. BEAUTIFUL BACKYARD WITH AN OUTDOOR KITCHEN, IN GROUND SWIMMING POOL, A WATER WELL, MASONARY AND PRIVACY FENCE WITH CUSTOM WROUGHT IRON GATES. NEXT DOOR TO THE HOME IS A 3000 SQ FT INSULATED SHOP WITH AN OFFICE, 5 BAYS TO HAVE A BUSINESS OR TO PUT YOUR TOYS WITH CIRCLE DRIVEWAY COULD ALSO BE BOUGHT WITH THIS BEAUTIFUL HOME FOR ANOTHER $250,000.

Investor Tools

$0Estimated Mortgage Balance
$630,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$648,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,780 /month
Positive
Cash Flow Estimate:
$1,260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$685/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,075
$541,340
2025
$4,400
$536,940
$541,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,075
$541,340

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$630,000
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: Midland

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5122 S County Road 1183 | Property Details | No Agent List