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$335,000

112 Lori Lane, Longview, TX, 75602

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths3,200 Sq Ft
price_per_sqft$104.69 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available

Exterior

Lot Size1.00 acres

Building Information

Year Built1976
Stories1

Land Information

APN00813.00215.00000.000000
SubdivisionWm G Yeary Survey A-813
Land UseResidential
Legal DescriptionACRES: 1.003 ABST: 813 WM G YEARY UTIL BLD
Census Tract020604
Assessed Land Value$11,520
Assessed Improvement Value$53,630
Assessment Year2025

About this property

2.8 Acres with 3,200 Sq Ft Insulated Shop! Live-Work Opportunity with Utilities in Place Positioned on 2.8 private, tree-lined acres, this 3,200 square foot foam insulated shop offers the perfect setup for a business, workshop, or future barndominium conversion. The interior features spray foam insulation, creating energy efficiency and year-round usability, along with 2 large roll-up doors-bays for easy equipment or vehicle access. Inside, you’ll find two full bathrooms and multiple framed areas that can be finished as bedrooms, office space, or storage, giving flexibility for a variety of uses. A full size laundry room, Central Air & heat makes for major convenience for an or mixed usages. A loft-mezzanine level overlooks the main shop floor and presents an ideal opportunity for a future living area or additional workspace. The property is already equipped with electrical service, adding convenience and value for immediate use or future build-out. Outside, enjoy the privacy of acreage with room for expansion, additional structures, or recreational use. Currently there is a concrete RV pad and electrical outlet on its own meter. A second massive concrete pad with 3 walls can be used for Endless possibilities!

Investor Tools

$67,548Estimated Mortgage Balance
$118,452Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

Interested in this property?

Melissa Sanches

TX Real Estate Queen & Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$131/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$638
$65,150
2025
$11,520
$53,630
$65,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$638
$65,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texana Bank Na
Commercial
$76,500
No
First
May 28, 2020
May 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,548
$118,452
63%
36%
$459/mo

City: Longview

112 Lori Lane | Property Details | No Agent List