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$418,000

802 Hermes Drive, Lindsay, TX, 76240

$467,082 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,228 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.61 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size15,398 sqft

Building Information

Year Built2016
Roof Type105
Garage Spaces2

Land Information

APN139811
Lot Number49
SubdivisionNortman Estates
Land UseResidential
Legal DescriptionNORTMAN ESTATES; LOT 49
Census Tract000200
Assessed Land Value$70,000
Assessed Improvement Value$343,337
Assessment Year2025

About this property

This gorgeous custom home was designed with every detail in mind. Such a smart and functional floor plan flowing seamlessly from room to room. Beautiful foyer opening up the great room which features a handsome beam and vaulted ceiling, gas fireplace, wood tile flooring, atrium doors to covered patio, half bath, and adjoining office space or game room. The chef's kitchen offers like new graphite appliances, shaker cabinets, quartz counter tops, tiled backsplash and more. Large utility room with loads of custom cabinets and walk in pantry. The En-suite is so spacious and relaxing! It offers a beautiful decorative ceiling, luxury bath with high end finishes* quartz countertops * walk in shower * soaker tub * and custom closets. And More...Split bedroom arrangement * large fenced yard * over sized garage with epoxy flooring * spray foam insulation * heat pump HVAC * insulated windows and doors * sprinkler system * lavish landscape * and plenty of outdoor space for pool and shop!

Investor Tools

Property Icon
$413,337
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$467,081
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,508 /month
Positive
Cash Flow Estimate:
$836 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,818
$413,337
2025
$70,000
$343,337
$413,337
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,818
$413,337

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank & Trust
Building Or Construction Loan
$430,907
No
First
Oct 11, 2023
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$534,860
N/A
0%
129%
$3,352/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$3,352/mo
$-1,932/mo
4.1%

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: Lindsay

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802 Hermes Drive | Property Details | No Agent List