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$68,000

609 E Lumpkin St, Meridian, TX, 76665

$88,400 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,238 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$54.93 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Water Heater

Exterior

Lot Size1.17 acres

Building Information

Year Built1950

Land Information

APNR19976
Land UseResidential
Legal DescriptionMERIDIAN OT/ A454 A650 A440 & A450 BLOCK 106(W/PT) ACRES 1.00
Census Tract950200
Assessed Land Value$14,761
Assessed Improvement Value$85,544
Assessment Year2025

About this property

INVESTOR OPPORTUNITY! 1950 HOME ON 1 ACRE WITH DUAL ROAD ACCESS! Calling all investors, renovators, and developers! This 1950-built, 2-bedroom, 1-bath home sits on a spacious 1-acre lot and offers plenty of potential for the right buyer. Whether you're looking for your next renovation project, rental investment, or possible redevelopment opportunity, this property is worth a look! The property features multiple storage buildings equipped with electricity, offering additional space for workshops, equipment, or storage. A standout feature is the dual access from Highway 22 and Lumpkin Street, providing flexibility for future use. ADDITIONAL INVESTMENT POTENTIAL! The seller will consider subdividing the 1-acre lot, subject to City approval, opening the door to possible additional development or resale opportunities. With an existing home, multiple outbuildings, generous lot size, and access from two roads, this property presents an opportunity for investors with vision. Bring your ideas and explore the possibilities!

Investor Tools

$0Estimated Mortgage Balance
$303,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$88,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /month

Interested in this property?

Sandy Raushenberger

Amazing Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,739
$100,305
2025
$14,761
$85,544
$100,305
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,739
$100,305

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$303,000
100%
0%
$0/mo

City: Meridian

609 E Lumpkin St | Property Details | No Agent List