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$407,000

NAL Estimated Property Value

601 Phillips Ct, Mansfield, TX, 76063

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,174 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.99 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size10,019 sqft

Building Information

Year Built2017
Garage Spaces2

Land Information

APN24678-1-11
Lot Number11
SubdivisionManchester Heights
Land UseResidential
Legal DescriptionMANCHESTER HEIGHTS BLOCK 1 LOT 11
Census Tract111306
Assessed Land Value$20,424
Assessed Improvement Value$342,576
Assessment Year2025

About this property

Multiple Offers - all offers due Nov 16, 2021 by noon. Magnificent Craftsman Style Home in the heart of Downtown Mansfield! You can walk to all the action in historic downtown Mansfield. This one owner home has been meticulously maintained and the attractive landscaping has created outdoor spaces where you can sit and relax. Wood look custom tile graces the main living areas. The kitchen is a chef's dream with custom cabinets with pull out inserts, large center island and it overlooks the beautifully landscaped backyard. The master bedroom is so spacious with a true spa-like master bath. The flex-room featuring its own private patio can be utilized as a gym, 2nd living area or office.

Investor Tools

Property Icon
$407,000
Estimated Property Value
$164,772Estimated Mortgage Balance
$242,228Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,442 /month
Positive
Cash Flow Estimate:
$814 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$697/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,333
$363,000
2025
$20,424
$342,576
$363,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,333
$363,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$179,759
No
First
Dec 20, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,772
$242,228
59%
40%
$1,078/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: Mansfield

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601 Phillips Ct | Property Details | No Agent List