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$346,000

115 Cedar Lane, Somerville, TX, 77879

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,002 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.33 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Oven, Electric Cooktop, Electric Range, Dishwasher
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size21,405 sqft

Building Information

Year Built2010
Garage Spaces2

Land Information

APNR42620
Land UseResidential
Legal DescriptionS2514 MARSHALL OAKS BLK B LOT 1/2 & 4, .4914 ACRES SN# PHH320TX1826723A HUD# PFS1204560
Census Tract970501
Assessed Land Value$26,055
Assessed Improvement Value$120,781
Assessment Year2025

About this property

Experience resort-style living in this well-maintained 2018 Palm Harbor home set on nearly half an acre in the peaceful Marshall Oaks community near Lake Somerville. This spacious 4-bed, 2-bath home features a spacious, bright kitchen with a large island open to the cozy living room. Mature trees, full fencing, and a gated driveway offer privacy and security. Step into your backyard oasis with a 2020 heated pool, an attached hot tub, a propane fire pit, a pergola with lights and a TV mount, and a second fire pit for year-round time outside. Recent upgrades include a 2025 roof on the home and pergola, a French drain around the pool, and a full sprinkler system. Future owners will appreciate the whole-home water softener and the reverse osmosis filter in the kitchen. A 28' x 40' insulated shop offers a 2-car garage with remote door and guest quarters—for hobbies and storage. Located under 10 miles from Somerville, this property blends comfort, convenience, and exceptional outdoor living.

Investor Tools

Property Icon
$346,000
Estimated Property Value
$0Estimated Mortgage Balance
$188,109Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$698
$146,836
2025
$26,055
$120,781
$146,836
No

Tax History

Year
Tax Paid
Assessed Value
2025
$698
$146,836

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Roundpoint Mortgage Servicing Corp
Conventional
$177,000
No
First
Oct 13, 2020
Nov 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,891
$188,109
54%
46%
$1,062/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: Somerville

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115 Cedar Lane | Property Details | No Agent List