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Days93Days on Market
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$675,000

700 Mustang Ln, Killeen, TX, 76549

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,432 Sq Ft
ManufacturedHomeManufacturedHome
price_per_sqft$277.55 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Range, Oven, Water Heater, Range
FlooringCarpet, Tile, 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 value of move-in ready acreage living with this 12-acre Central Texas property priced below estimated replacement cost. Recreating this setup today—land, home, well, utilities, and improvements—would likely exceed current pricing, making this a rare opportunity for buyers seeking space, functionality, and long-term value. The property features a 2,000+ square foot Palm Harbor double-wide with multiple living and dining areas plus a versatile bonus room ideal for a home office, hobby space, or workout room. Outside, enjoy peaceful surroundings with abundant wildlife, two spacious decks, and room to relax or entertain under wide Texas skies. A 34' x 18' workshop provides space for projects, storage, or equipment, and the RV hookup adds flexibility for guests or travel. The private water well offers independence and convenience, while the acreage provides room to expand, explore, or simply enjoy the privacy of country living. Conveniently located near Fort Cavazos with access to Killeen, Georgetown, and Austin, this property combines lifestyle, usability, and value in one complete package. 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
$4,152 /month
Positive
Cash Flow Estimate:
$1,384 /month

Interested in this property?

Rick Ott

Homestead Real Estate

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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
$742,000
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 Ln | Property Details | No Agent List