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$499,000

903 Mesquite Lane, Mexia, TX, 76667

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,491 Sq Ft
price_per_sqft$142.94 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater

Building Information

Year Built2000
Garage Spaces3

Land Information

APNR19297
Lot Number2
Land UseResidential
Legal DescriptionGREEN ACRES ADDITION MEXIA, BLOCK 002, LOT 002
Census Tract970200
Assessed Land Value$25,410
Assessed Improvement Value$385,270
Assessment Year2024

About this property

DRASTIC REDUCTION!! OWNER READY TO SELL!! Beautiful Custom Home in a highly desirable neighborhood. This stunning custom-built home offers elegance, comfort and thoughtful design throughout. Featuring gorgeous hardwood flooring and extensive custom molding, every detail has been carefully crafted. The home includes 3 spacious bedrooms, plus a dedicated study office that can easily serve as a 4th bedroom. With 2.5 baths, the layout is both functional and inviting. The large kitchen is a standout offering abundant cabinet space, built-in appliances and a central island perfect for cooking and entertaining. The expansive primary suite provides a relaxing retreat complete with an attached bath featuring double vanities, a marble soaking tub and separate shower. Also enjoy both a formal dining room and formal living room ideal for hosting guests or special occasions. Additional features include: Cozy propane fireplace with built-in book shelves - Large covered patio for outdoor living - Beautiful landscaping - Storage building for extra space - 3 car garage. Located in a quiet neighborhood in one of the most sought-after areas of town, this home combines luxury and tranquility. Call for more information.

Investor Tools

$141,203Estimated Mortgage Balance
$402,797Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

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Robert Forrest

Forrest Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,019/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,512
$410,680
2024
$25,410
$385,270
$410,680
No

Tax History

Year
Tax Paid
Assessed Value
2022
$9,512
$410,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Stand Alone First / Home Equity First Lien
$163,000
No
First
Sep 11, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,203
$402,797
74%
26%
$978/mo

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.

Explore Texas Explore This Area
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: Mexia

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