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$199,500

548 Marcelene Drive, Waskom, TX, 75692

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,430 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.51 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size1 acre

Building Information

Year Built2008
Garage Spaces2

Land Information

APN00622.00160.00070.000010
SubdivisionJames Shandon Survey A-622
Land UseResidential
Legal DescriptionACRES: 1.000 ABST: 622 J SHANDOIN HSE
Census Tract020103
Assessed Land Value$20,810
Assessed Improvement Value$224,220
Assessment Year2025

About this property

Must see custom built Elysian Fields ISD, 3 bedrooms, 2 bathrooms, 2 car garage home on 1 acre and under $200,000. The spacious kitchen showcases custom built cabinets, Tumbled stone backsplash and Corian countertops. 14 SEER HVAC with heat pump, extra insulation resulting in an extremely efficient home with very low utility cost (Water & Electric less than $80 per month). The slab on this home is built with the highest standards of a post-tension grid system. screened in back patio porch is 200 square feet in size and you still have another 100 square feet of open patio for grilling, etc. When it's cold outside, cozy up to the wood-burning fireplace in the family room and hear the wood crackling.

Investor Tools

Property Icon
$280,000
Estimated Property Value
$0Estimated Mortgage Balance
$74,534Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,978
$245,030
2025
$20,810
$224,220
$245,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,978
$245,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$200,629
Yes
First
Mar 29, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,466
$74,534
26%
73%
$1,353/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: Waskom

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