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Days93Days on Market
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$699,000

700 Mustang Lane, Killeen, TX, 76549

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,432 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$287.42 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Oven, Refrigerator, Vented Exhaust Fan, Range
FlooringCarpet, Ceramic Tile, Linoleum, Vinyl, Wood

Exterior

Lot Size12 acres

Building Information

Year Built2005
Stories1

Land Information

APN367210
SubdivisionJ S Underwood
Land UseAgriculture / Farming
Legal DescriptionA1123BC J S UNDERWOOD, (ENHANCED LIFE ESTATE), ACRES 12.000 (ENHANCED LIFE ESTATE),
Census Tract023301
Assessed Land Value$217,464
Assessed Improvement Value$256,181
Assessment Year2025

About this property

Discover the perfect blend of peaceful country living and unforgettable entertaining on 12 scenic acres where wildlife frequently roam and wide Texas skies create a true sense of escape. Designed with gatherings in mind, this unique property offers multiple outdoor spaces to relax and entertain, including two spacious decks ideal for morning coffee, sunset views, and evenings around the fire pits under the stars. A standout feature is the dedicated 20' x 8' party room that adds a fun and inviting space for hosting friends and family, while the impressive 34' x 18' workshop provides plenty of room for projects, storage, or hobbies. The property also includes an RV hookup, making it easy to welcome guests or accommodate travel adventures. Inside the home, a comfortable 4-bedroom layout with two living areas offers flexibility for everyday living, entertaining, or working from home. With its own private well, abundant open space, and peaceful surroundings, this property offers the freedom and privacy many buyers are searching for while still being conveniently located within reach of Fort Cavazos, Austin, and Waco. All information provided is deemed reliable but not guaranteed. Buyer and buyer’s agent must independently verify all information, including but not limited to restrictions, utilities, schools, taxes, measurements, square footage, and lot dimensions.

Investor Tools

Property Icon
$692,000
Estimated Property Value
$0Estimated Mortgage Balance
$692,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Sean Harden

Sean Harden Realty®

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$790/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,022
$473,645
2025
$217,464
$256,181
$473,645
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,022
$473,645

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$692,000
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.

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: Killeen

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700 Mustang Lane | Property Details | No Agent List