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$565,000

501 Westgate I Rd, Eddy, TX, 76524

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths2,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.51 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater, Some Electric Appliances, Built In Oven, Range
FlooringCeramic Tile, Luxury Vinyl Plank

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size2.18 acres

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN160205000001730
SubdivisionFrye Farnham
Land UseResidential
Legal DescriptionFRYE FARNHAM ACRES 2.18
Census Tract003802
Assessed Land Value$55,241
Assessed Improvement Value$370,683
Assessment Year2026

About this property

Modern Farmhouse Charm on Over 2 Acres! Enjoy the best of country living in this immaculate 2023 farmhouse-style home! Offering 2,397 SF, 5 bedrooms, 3 full baths, and a 2-car garage, this home features the added versatility of TWO primary bedrooms! The charming exterior welcomes you with crisp white siding, bold black accents, and a beautiful blue front door. Inside, you'll love the open-concept design, abundant natural light, and stunning vaulted ceilings with exposed wood beams. The warm farmhouse character blends beautifully with modern finishes. The kitchen features solid-surface countertops, ceramic tile backsplash, and a NEW low-mounted built-in microwave. A formal dining area and spacious living area provide plenty of room for gathering and entertaining. Outside, enjoy over 2 acres of possibilities! There's room for hobbies, animals, gardening, or simply relaxing while taking in breathtaking Texas sunrises and sunsets. The owners are leaving the chicken coop, plus a storage shed with great potential for a workshop. Starlink equipment will also convey! Additional features include a painted garage floor and a home that has been meticulously maintained. Two primary bedrooms, modern farmhouse style, and room to enjoy the country lifestyle! Peaceful surroundings with convenient access to everyday necessities. Come see all this special property has to offer!

Investor Tools

$379,493Estimated Mortgage Balance
$94,507Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

Interested in this property?

Johnny Vacca

Re/Max Better Place

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,751
$425,924
2026
$55,241
$370,683
$425,924
No

Tax History

Year
Tax Paid
Assessed Value
2026
$3,751
$425,924

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texell Cu
Conventional
$398,865
No
First
Mar 14, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$379,493
$94,507
19%
80%
$2,392/mo

City: Eddy