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$460,000

NAL Estimated Property Value

720 Merritt St, River Oaks, TX, 76114

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,006 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.31 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size13,617 sqft

Building Information

Year Built1938
Stories1
Garage Spaces1

Land Information

APN14060--17B
Lot Number17B
SubdivisionForest Acres Addition
Land UseResidential
Legal DescriptionFOREST ACRES ADDITION LOT 17B
Census Tract110500
Assessed Land Value$67,238
Assessed Improvement Value$241,262
Assessment Year2025

About this property

Do not miss this stunning home situated on an enviable corner lot on one of the most beautiful streets in River Oaks. With approximately 2,006 square feet of thoughtfully designed space, this spacious 4-bedroom, 2.5-bathroom residence offers flexibility, comfort, and style. Step inside to find elegant original restored hardwood and ceramic tile floors throughout, with numerous windows that brighten the home with natural light. The primary ensuite offers an oversized shower and the dual closets provide ample storage space. Laundry tasks are convenient with the dedicated laundry area. The private office area is set apart with a half bathroom, perfect for those who work from home. Outdoor living is truly exceptional here whether or not your are on the front porch surrounded by gorgeous plants and flowers or the back patio, featuring a refreshing pool, spacious deck and a cozy porch, perfect for entertaining or unwinding after a long day. The property includes a 3 garage spaces for secure parking, additional parking space on the circular driveway, and an outbuilding and storage shed for all your organizational needs. Enhanced with a security system for peace of mind, this home combines modern amenities with timeless charm. This home has been meticulously maintained and cared for by one owner for the last 12 years. The updates are too numerous to list here but may be found in transaction desk. Conveniently located near the Joint Reserve Base & Lockheed, endless shopping & restaurants, highways, the Cultural District, Stockyards, Trinity River trails and the highly anticipated Westside Village development near Panther Island which will include retail, a boutique hotel, and office space. Seller will need a leaseback. Refrigerator will stay. APPOINTMENT ONLY!

Investor Tools

Property Icon
$460,000
Estimated Property Value
$190,919Estimated Mortgage Balance
$269,081Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,635
$308,500
2025
$67,238
$241,262
$308,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,635
$308,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legacytexas Bank
Building Or Construction Loan
$224,500
No
First
Feb 23, 2018
Mar 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,919
$269,081
58%
42%
$1,188/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,188/mo
+$1,197/mo
6.2%

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: River Oaks

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720 Merritt St | Property Details | No Agent List