NOT LISTED FOR SALE

Estimated Value: $427,090 - $468,000

3 Beds
2 Baths
2,249 Sq Ft
$202/Sq Ft Est. Value

About This Home

This home is located at 2947 Mere Ln, Grand Prairie, TX 75054 and is currently estimated at $454,023, approximately $201 per square foot. 2947 Mere Ln is a home located in Tarrant County with nearby schools including Cora Spencer Elementary School, Mary Lillard Intermediate School, and Danny Jones Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2021
Sold by
Freed Allen Arthur and Freed Patricia Lynn
Bought by
Lin Wen and Dong Bijin
Current Estimated Value
$454,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$273,880
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$180,143

Purchase Details

Closed on
Nov 8, 2019
Sold by
Baker Kristi S and Baker Byron M
Bought by
Freed Allen Arthur and Freed Patricia Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,400
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2017
Sold by
Williams Robert W
Bought by
Baker Kristi S and Baker Byron M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,348
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2016
Sold by
D R Horton Texas Ltd
Bought by
Williams Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,432
Interest Rate
3.71%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lin Wen -- Old Republic Title
Freed Allen Arthur -- Texas Secure Title Company
Baker Kristi S -- None Available
Williams Robert W -- Dhi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Wen $294,000
Previous Owner Freed Allen Arthur $284,400
Previous Owner Baker Kristi S $306,348
Previous Owner Williams Robert W $296,482
Previous Owner Williams Robert W $287,432
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,961 $427,250 $80,000 $347,250
2023 $10,341 $447,592 $80,000 $367,592
2022 $9,611 $373,497 $70,000 $303,497
2021 $8,934 $330,261 $70,000 $260,261
2020 $8,597 $316,213 $70,000 $246,213
2019 $8,428 $300,500 $70,000 $230,500
2018 $5,822 $300,334 $70,000 $230,334
2017 $7,952 $283,338 $55,000 $228,338
2016 $1,142 $40,700 $40,700 $0
Source: Public Records

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