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Days209Days on Market
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$265,000

113 Rice Dr, Portland, TX, 78374

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.85 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size7,667 sqft

Building Information

Year Built1966
Roof Type105
Garage Spaces2

Land Information

APN1838-0004-0007-000
Lot Number7
SubdivisionSutherland Addn Unit 2
Land UseResidential
Legal DescriptionSUTHERLAND ADDN UNIT 2 BLK 4 LOT 7
Census Tract010601
Assessed Land Value$38,120
Assessed Improvement Value$268,795
Assessment Year2025

About this property

Welcome to 113 Rice Drive, a beautifully updated home in the heart of Portland, TX. With 3 bedrooms, 2 bathrooms, and 1,507 sq ft, this home blends modern comfort with everyday functionality, perfect for anyone looking for a move-in ready space with great upgrades already done for you. One of the biggest perks? Fully paid-off solar panels, giving you incredible monthly savings and long-term efficiency. From the moment you pull up, the clean exterior and fresh curb appeal make this home feel warm and welcoming. Inside, the open layout creates an easy flow from room to room. The kitchen has been tastefully updated with painted cabinetry, granite countertops, subway tile backsplash, modern hardware, and durable wood-look LVP floors. It opens directly into the dining and living areas, making it great for hosting or simply enjoying comfortable day-to-day living. The bedrooms are bright and cozy with plenty of storage, and both bathrooms have been fully refreshed with modern vanities, new fixtures, and stylish tile work. The dining room also features an eye-catching accent wall that adds personality and charm. An added bonus is the garage, which has been framed and partially converted. It now includes a fully permitted indoor laundry room with electrical already completed. With a little finishing, this space can easily become a 4th bedroom, home office, bonus room, or even a future ADU, a rare opportunity for extra versatility and value. The private backyard offers plenty of room for gatherings, pets, or simply enjoying the South Texas breeze. 113 Rice Drive delivers the perfect mix of updates, efficiency, and flexibility, all in a great Portland location. This home has been well cared for and is truly ready for its next owner.

Investor Tools

Property Icon
$306,915
Estimated Property Value
$164,000Estimated Mortgage Balance
$128,113Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,841 /month
Positive
Cash Flow Estimate:
$614 /month

Interested in this property?

Josiah Salinas

Prime Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,282
$306,915
2025
$38,120
$268,795
$306,915
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,282
$306,915

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Service Fcu
Conventional
$164,000
No
First
Dec 9, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,802
$128,113
41%
58%
$1,169/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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113 Rice Dr | Property Details | No Agent List