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$250,000

901 4th Avenue, Mineral Wells, TX, 76067

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,945 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.53 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCeramic Tile, Hardwood, Luxury Vinyl Plank

Exterior

Exterior FeaturesStorage
Lot Size10,846 sqft

Land Information

APN231840000
Lot NumberK,L
SubdivisionWiggins
Land UseResidential
Legal DescriptionWIGGINS BLK 34 LOT K & L & E6 OF J (106X102.15) G#W0700-00-00340-00K-00-0
Census Tract000500
Assessed Land Value$12,990
Assessed Improvement Value$184,350
Assessment Year2025

About this property

Nestled in the north Texas Hill country, this beautiful Craftsman home with historic architectural features and design awaits your finishing touches. It's located on the best street for historical homes in town and is easily walkable to downtown Mineral Wells. Updates include a full home electrical rewire in 2024, a soaking tub with gold hardware, luxury vinyl plank in 1 bathroom and the second living area, a deep kitchen sink and faucet, and a full interior paint and updated paint on much of the exterior. Located on a corner, it actually has 3 different driveways or parking areas, including a covered spot under the port-cochere. There is a storage room in the rear that is lighted and provides exterior electrical outlets and a full-size laundry room in the home. The second living area is where the previous 1-car garage was converted, and it can serve as a mother-in-law suite, office, or man-cave, as it has its own exterior door and is located very close to the 2nd bathroom. The large bathroom was plumbed for shower capacity, and moisture-resistant drywall has been added so you can pick out your own tile design and make it yours. The vintage hardwoods are in varying condition, but will look great refinished to your taste. There are many storm windows covering the historic craftsman windows, so those can be removed to touch up the original windows, or left as is. Originally a wood sided home, the brick surround was added and makes the home very energy efficient for a 1940 beauty. Tall ceilings & large windows provide great natural light and provides the home with a great, comfortable feel, IMHO. There is some shifting that occurs through the seasons, but this home has great bones and you can still design it to your individual taste. The historic tiled and carved wood fireplace surround adds charm and the front porch is large and ideal for morning coffee or evening beverages of your choice. Add to its history and make it yours! (Seller has a Texas real estate license)

Investor Tools

$132,788Estimated Mortgage Balance
$113,212Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,251
$197,340
2025
$12,990
$184,350
$197,340
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,251
$197,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$142,500
No
First
Jan 27, 2023
Feb 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,788
$113,212
46%
54%
$855/mo

City: Mineral Wells

901 4th Avenue | Property Details | No Agent List