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$34,900

801 Thornton Carter Street, Mexia, TX, 76667

On MarketInfo
Just AddedInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size10,925 sqft

Land Information

APNR21065
Lot Number24,25
Land UseResidential
Legal DescriptionTHOMPSON COLLEGE HEIGHTS ADDITION MEXIA, LOT 024 - 025, & ADJ S/114X89.5'
Census Tract970400
Assessed Land Value$4,600
Assessment Year2024

About this property

DOUBLE LOT IN MEXIA, TEXAS - This quarter acre, double lot sits on a corner and offers easy access to Highway 84 and local restaurants, making it a highly versatile location for either a family homesite or a future commercial development. However, Buyers are explicitly advised to perform due diligence regarding manufactured homes. Or if you choose to pursue the property's potential as a commercial work site, you will need to navigate a separate set of regulatory requirements. You must confirm that your intended business operations align with local zoning laws, or prepare to petition the local zoning board for a commercial rezoning or a specific use permit. Additionally, because the lot is situated on a corner near a major roadway like Highway 84, you will need to coordinate with the department of transportation to secure proper commercial driveway permits and ensure safe traffic ingress and egress. Finally, make sure to analyze the local ordinances regarding building setbacks and mandatory parking space allocations, as corner lots are often subject to stricter double-frontage clearance rules that can significantly reduce your total buildable acreage.

Investor Tools

$0Estimated Mortgage Balance
$56,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$336 /month
Positive
Cash Flow Estimate:
$112 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$34/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$124
$4,600
2024
$4,600
N/A
$4,600
No

Tax History

Year
Tax Paid
Assessed Value
2022
$124
$4,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$56,000
100%
0%
$0/mo

City: Mexia

801 Thornton Carter Street | Property Details | No Agent List