Last 24 Hours
$395,500
106 W Pitts Avenue, Pasadena, TX, 77506
On Market
Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size37,749 sqft
Land Information
APN0281880010010
Lot Number10-12
SubdivisionVina Tabor
Land UseCommercial
Legal DescriptionLTS 10 11 12 & TRS 9 13B & 14A VINA TABOR PASADENA OUTLOT 42
Census Tract324101
Assessed Land Value$302,000
Assessment Year2025
About this property
This property has 254 feet frontage on Shaver, 199 feet of frontage on Pitts and 65 feet frontage along Tabor Street. This was once an apartment complex and is now cleared land. There should be all the needed utilities on the sight for any new development. Shaver has new concrete paving and most of all of the historic Pasadena is getting new infrastructure as the City is updating the area. This property is located in an opportunity zone.
Investor Tools
$156,190Estimated Mortgage Balance
$145,810Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,373 /month
Positive
Cash Flow Estimate:
$791 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,402
$302,000
2025
$302,000
N/A
$302,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,402
$302,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
B1bank
Commercial
$165,000
No
First
Jun 20, 2023
Jun 2028
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,190
$145,810
48%
52%
$990/mo
12.4%