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$421,710

797 Merritt Dr, Lockhart, TX, 78644

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.82 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Exhaust Fan, Free-Standing Range, Stainless Steel Appliance(s), Electric Water Heater
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size13,177 sqft

Building Information

Year Built1969
Stories1
Garage Spaces2

Land Information

APN0300560-002-010-00
Lot Number10
SubdivisionSouth Park Place Sec. Ii
Land UseResidential
Legal DescriptionSOUTH PARK PLACE SEC. II, BLOCK B, LOT 10
Census Tract960300
Assessed Land Value$85,000
Assessed Improvement Value$336,710
Assessment Year2025

About this property

This home has the charm of the late 60's, early 70's with some updating that's amazing. The U-shaped floor plan provides the kitchen, breakfast, sunken living, and formal dining space a wonderful access to a large covered rear porch. Recent flooring update along with granite surfaces in kitchen and master complete the package! Living has gas log wood stove type fireplace; study. Living room has wonderful built ins; also has two car garage. Planters indoors/out; corner lot. Highest and best 3/13 5PMRestrictions: Yes

Investor Tools

Property Icon
$421,710
Estimated Property Value
$263,840Estimated Mortgage Balance
$188,746Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,530 /month
Positive
Cash Flow Estimate:
$843 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$859/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,195
$421,710
2025
$85,000
$336,710
$421,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,195
$421,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Lockhart National Bank
Conventional
$263,840
No
First
May 14, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,964
$188,746
44%
55%
$1,582/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,582/mo
+$506/mo
5.9%

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: Lockhart

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797 Merritt Dr | Property Details | No Agent List