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$278,000

NAL Estimated Property Value

114 Carmel Dr, Portland, TX, 78374

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,632 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.13 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size7,492 sqft

Building Information

Year Built1965
Roof Type109
Garage Spaces2

Land Information

APN1392-0003-0020-000
Lot Number20
SubdivisionPortland Place Unit 1
Land UseResidential
Legal DescriptionPORTLAND PLACE UNIT 1 BLK 3 LOT 20
Census Tract010601
Assessed Land Value$36,900
Assessed Improvement Value$219,026
Assessment Year2025

About this property

Charming Two-Story Home Under Majestic Oaks – Ideal Location & Timeless Appeal Open house postponed! More information coming! Nestled beneath a canopy of mature oak trees, this beautiful, two-story brick home effortlessly blends classic charm with modern updates. Located just minutes from shopping, restaurants, Hwy 181, and a stone’s throw from GPISD’s renowned Early Childhood Education Center, Jr High School and High School, this residence offers both comfort and unbeatable convenience. Upstairs, you'll find four spacious bedrooms, each featuring original hardwood floors that bring warmth and character to the home, and extra large hallway closets for additional storage. With three full bathrooms, there's plenty of space for family and guests alike. The main living area boasts an open-concept floorplan perfect for today’s lifestyle. The updated kitchen is a true highlight, featuring granite countertops, soft close cabinets, an extra large island, ample cabinet space with its cabinets reaching the ceiling, and a layout that makes cooking and entertaining a joy. Modernized bathrooms throughout the home provide stylish functionality. Updated, energy efficient windows throughout the home, open inward for easy cleaning and lower energy bills. Step outside to your private backyard oasis—complete with a generous deck ready for an above-ground pool—ideal for year-round relaxing and entertaining. The ample two-car garage offers a large work bench for an ideal exterior workspace. From its classic brick exterior and welcoming curb appeal to its thoughtfully updated interior, this home is the perfect blend of timeless elegance and modern comfort. A truly inviting space where your family can grow and thrive. Schedule your showing today!

Investor Tools

Property Icon
$278,000
Estimated Property Value
$176,406Estimated Mortgage Balance
$101,594Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,668 /month
Positive
Cash Flow Estimate:
$556 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,094
$255,926
2025
$36,900
$219,026
$255,926
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,094
$255,926

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Fha
$197,359
Yes
First
Oct 7, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,406
$101,594
36%
63%
$1,184/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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114 Carmel Dr | Property Details | No Agent List