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$225,000

3304 Fm 1821, Mineral Wells, TX, 76067

$290,515 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,535 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.58 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Refrigerator
FlooringVinyl

Exterior

Lot Size36,242 sqft

Building Information

Year Built1949

Land Information

APN068010000
SubdivisionH T Henry Survey A-1486
Land UseResidential
Legal DescriptionAB 1486 TR 3 H T HENRY G#11486-00-00030-000-00-0
Census Tract000401
Assessed Land Value$38,270
Assessed Improvement Value$98,690
Assessment Year2025

About this property

Looking for a home outside the Mineral Wells city limits with that something extra you need? Here is a property that offers nearly an acre of land, a fenced backyard, outbuildings, and room for cars, trucks, RVs, boats, and more. No more having to take your boat, RV or recreational vehicle to storage. A bonus for truck drivers: with the amount of parking available, someone who drives a large truck or has multiple trucks will have plenty of room. With 3 bedrooms, 2 bathrooms, and a 6-year-old roof, this is a great opportunity for a first-time buyer or anyone who needs a home and wants a little extra land, but not so much that it isn’t manageable. Built in 1949 and previously used as a rental property, the home is ready for new owners, and you can complete updates and renovations if you need to, when you are ready. The property sits on approximately 0.83 acres, has a septic system and water is through North Rural Water Supply. The fenced backyard includes a chicken coop and a large storage shed, while the woods behind the property will give you a peaceful, private backdrop with no homes immediately behind it. You’ll like the location of this home as it is conveniently located near Mineral Wells High School and only a few minutes from Walmart, restaurants, entertainment and other everyday services. Whether you’re looking for a starter home to personalize or an investment property with rental potential, this Mineral Wells home offers space, convenience and plenty of possibilities. Photos coming soon.

Investor Tools

$175,811Estimated Mortgage Balance
$79,189Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$290,514
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

Interested in this property?

Carolyn Shipp

SOURCE 1 REAL ESTATE

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$287/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,167
$136,960
2025
$38,270
$98,690
$136,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,167
$136,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Albany/Breckenridge
Stand Alone Second / Subordinate Position
$188,000
No
First
Mar 14, 2023
Mar 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,811
$79,189
31%
69%
$1,128/mo

City: Mineral Wells

3304 Fm 1821 | Property Details | No Agent List