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$459,900

5187 Farm Road 1536, Dike, TX, 75437

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,511 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.15 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Kennel
Lot Size2.44 acres

Building Information

Year Built1982
Garage Spaces2

Land Information

APNR000017392
SubdivisionMorse Wm Survey A-
Land UseResidential
Legal DescriptionACRES: 2.445 ABS: 619 TR: 5-01 SUR: MORSE WM
Census Tract950100
Assessed Land Value$53,790
Assessed Improvement Value$453,860
Assessment Year2025

About this property

Multi-Generational Living? Quilt room? Office Space? Play room? This home has got you covered. So many ways to use this place. Property features a 2 bedroom, 2 bath main home with two living areas, and a guest home (built in 2008) with a garage that has a kitchenette, bedroom, bathroom and two rooms to use for anything you like! talk about versatility! Somewhat secluded and situated on 7.905 acres of beautiful land with gorgeous trees. Covered porches make your morning coffee time delightful. Lots of storage for vehicles and other stuff! Check it out today!

Investor Tools

Property Icon
$507,650
Estimated Property Value
$495,000Estimated Mortgage Balance
$0Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,046 /month
Positive
Cash Flow Estimate:
$1,015 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,639
$507,650
2025
$53,790
$453,860
$507,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,639
$507,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Higher Ground Realty Llc
Unknown
$495,000
No
First
May 25, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$757,503
N/A
0%
149%
$4,807/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: Dike

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