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$125,000

7011 Mitchell Dr, Terrell, TX, 75160

$162,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,128 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$58.74 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range
FlooringLaminate

Exterior

Lot Size1.10 acres

Building Information

Year Built2000
Stories1
Roof Type105

Land Information

APN00.3412.0000.0096.00.06.00
Lot Number96
SubdivisionSouth Ridge 2, 3, 4, 5 & 6
Land UseResidential
Legal DescriptionSOUTH RIDGE ADD #4 LOT 96
Census Tract050701
Assessed Land Value$110,000
Assessed Improvement Value$140,513
Assessment Year2025

About this property

**Investor Opportunity on One Acre – Country Living with Room to Roam!** Discover the possibilities at 7011 Mitchell Drive! Situated on approximately one acre, this double-wide manufactured home offers the space, privacy, and open surroundings of country living at an affordable price. The expansive lot features mature trees, generous green space, a storage building, and plenty of room for outdoor activities, gardening, and enjoying the peaceful surroundings. Located in the Terrell area, the property offers a rural atmosphere while remaining convenient to shopping, dining, schools, and everyday essentials. With access to major highways, downtown Dallas and the surrounding employment centers are within commuting distance, offering a balance of country living and city convenience. Priced at $125,000, this property presents an opportunity for investors, renovators, or buyers looking to create a home of their own. Comparable manufactured homes in the surrounding area have sold at substantially higher prices, offering potential for buyers willing to make improvements. The home requires repairs and updates, including flooring, interior finishes, and exterior improvements. The front entry ramp needs replacement, and the rear sliding door does not have a landing. The property includes an existing septic system and is being sold **as-is, with the seller making no repairs**. 7112 Mitchell Dr recently sold for $282,000. Expected to be vacant by the end of October. Bring your vision and explore the possibilities of transforming this property into your own country retreat!

Investor Tools

$39,416Estimated Mortgage Balance
$206,584Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$162,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

Interested in this property?

Angela Holt

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,916
$222,611
2025
$110,000
$140,513
$250,513
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,916
$222,611

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Unknown
$72,677
No
First
Sep 26, 2008
Oct 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$39,416
$206,584
83%
16%
$436/mo

City: Terrell

7011 Mitchell Dr | Property Details | No Agent List