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$359,000

NAL Estimated Property Value

5608 Fm 1235, Merkel, TX, 79536

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,104 Sq Ft
price_per_sqft$106.94 / sqft
Year BuiltBuilt in 1942

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Plumbed For Ice Maker, Electric Water Heater
FlooringLaminate, Vinyl, Wood

Exterior

Exterior FeaturesFire Pit, Storage
Lot Size5.74 acres

Building Information

Year Built1942
Stories1
Roof Type105
Garage Spaces9

Land Information

APNA0074004400
SubdivisionSur 146 Grimes County School
Land UseResidential
Legal DescriptionA0074 SUR 146 GRIMES COUNTY SCHOOL, TRACT 23, ACRES 5.74
Census Tract013602
Assessed Land Value$51,574
Assessed Improvement Value$203,426
Assessment Year2025

About this property

Secluded charming Farm house on 5 acres just outside of Abilene. This home offers large living areas inside and outside with ample storage. I Love the rustic outdoor living area with the wood burning fire place, kick back with family or friends in this relaxing space. As soon as you enter the front door you will know this is a well loved and remarkable property. Additional assets to this farm, 40 x 42 shop with electric, a 12 Ft lean-to on one side of shop, property offers horse stalls, storage buildings, RV parking, acreage is fenced and cross fenced. Quiet evenings, splendid sunsets, and falling stars at night are priceless!

Investor Tools

Property Icon
$359,000
Estimated Property Value
$188,317Estimated Mortgage Balance
$170,683Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,368
$255,000
2025
$51,574
$203,426
$255,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,368
$255,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$203,250
Yes
First
Sep 30, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,317
$170,683
47%
52%
$1,297/mo

Learn About the Market: Opportunity in Texas

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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: Merkel

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5608 Fm 1235 | Property Details | No Agent List