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$294,000

NAL Estimated Property Value

8602 Michael Ln, Santa Fe, TX, 77510

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,200 Sq Ft
price_per_sqft$204.17 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave

Exterior

Lot Size1.82 acres

Building Information

Year Built2015
Stories1
Roof Type105
Garage Spaces4

Land Information

APN3425-0000-0006-000
Lot Number6,7
SubdivisionFoxfield Estates (Unrec)
Land UseResidential
Legal DescriptionABST 632 T T RR SUR PT OF LOTS 6,7 & 8 FOXFIELD ESTATES UNRECORDED SUB
Census Tract723600
Assessed Land Value$23,030
Assessed Improvement Value$228,460
Assessment Year2025

About this property

Welcome to 8602 Michael Lane! This charming home has so much to offer!! A beautiful well maintained 2 bedroom, 2.5 bath home with a serene patio, a 30x50 shop with a 20x30 carport, a 2 stall barn with a tack room all on a beautiful 1.8 acre lot with a gated entrance!

Investor Tools

Property Icon
$294,000
Estimated Property Value
$276,727Estimated Mortgage Balance
$17,273Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,764 /month
Positive
Cash Flow Estimate:
$588 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,943
$251,490
2025
$23,030
$228,460
$251,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,943
$251,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amoco Fcu
Conventional
$297,500
No
First
Aug 11, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,727
$11,273
3%
94%
$1,784/mo

City: Santa Fe