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$328,000

NAL Estimated Property Value

917 Merritt Dr, Lockhart, TX, 78644

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,742 Sq Ft
price_per_sqft$171.59 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Electric Oven, Cooktop, Dishwasher, Disposal
FlooringTile

Exterior

Exterior FeaturesDog Run, Private Yard
Lot Size11,069 sqft

Building Information

Year Built1974
Stories1
Garage Spaces2

Land Information

APN0300561-003-025-00
Lot Number25
SubdivisionSouth Park Place Sec. Iii
Land UseResidential
Legal DescriptionSOUTH PARK PLACE SEC. III, BLOCK C, LOT 25
Census Tract960300
Assessed Land Value$73,390
Assessed Improvement Value$202,610
Assessment Year2025

About this property

Welcome to your dream home nestled in a highly sought-after neighborhood near Navarro Elementary and Lockhart High School. This delightful 3-bedroom, 2-bathroom home radiates with charming character and enduring allure, showcasing an impeccable blend of traditional design and contemporary upgrades. Step inside to discover a spacious living area seamlessly connected to the kitchen, creating an inviting open-concept layout ideal for both everyday living and entertaining guests. The kitchen contains a stunning built-in retro oven and cooktop, adding a touch of vintage charm to the contemporary space. Experience the luxury of a newly renovated full bathroom, showcasing modern fixtures and finishes that elevate the home's overall aesthetic. Outside, a quarter-acre lot awaits, offering ample space for outdoor activities and entertainment. Enjoy the perfect-sized backyard adorned with mature trees providing shade during the hot summer months. This home presents an opportunity to own a piece of tranquility in a prime location, where convenience meets comfort and style. Don't miss your chance to make this residence your own and experience the epitome of modern living with timeless appeal.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$96,562Estimated Mortgage Balance
$231,749Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,968 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,859
$276,000
2025
$73,390
$202,610
$276,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,859
$276,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$100,000
No
First
Apr 1, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,562
$234,438
70%
29%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$600/mo
+$1,026/mo
5.9%

Learn About the Market: Opportunity in Texas

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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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917 Merritt Dr | Property Details | No Agent List