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$306,915

NAL Estimated Property Value

113 Rice Dr, Portland, TX, 78374

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
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
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Range Hood
FlooringTile, Vinyl

Exterior

Exterior FeaturesNone
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
$178,802Estimated Mortgage Balance
$128,113Estimated Equity
41% 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

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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

City: Portland

113 Rice Dr | Property Details | No Agent List