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$197,000

NAL Estimated Property Value

1201 Memphis St, Longview, TX, 75604

$233,699 ARVInfo
Off MarketInfo
Baths1 Bath
Baths1,863 Sq Ft
RanchRanch
Year BuiltBuilt in 1944

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central

Exterior

Exterior FeaturesStorage
Lot Size17.06 acres

Building Information

Year Built1944
Stories1
Roof Type109

Land Information

APN5610000007-000-00-02
Lot Number1,3
SubdivisionPlainview
Land UseResidential
Legal DescriptionBLK G (NCB 3151) ; LT 1 BLK H (NCB 3152) PLAINVIEW & LT 3 BLK F (NCB 3148A) PLAINVIEW
Census Tract000900
Assessed Land Value$139,260
Assessment Year2025

About this property

Beautiful partially wooded acreage with pond, old barn and small outbuildings. There is a home on the property, but is not habitable. Property is being sold for the land. The home was a nice one back in its day, but has had major neglect. It is most likely a tear-down, or salvage the 1944 character and refurbish it.

Investor Tools

Property Icon
$197,000
Estimated Property Value
$47,169Estimated Mortgage Balance
$149,831Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$233,698
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,182 /month
Positive
Cash Flow Estimate:
$394 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,487
$139,260
2025
$139,260
N/A
$139,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,487
$139,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$50,000
No
First
Apr 18, 2023
Apr 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,169
$149,831
76%
24%
$300/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: Longview

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1201 Memphis St | Property Details | No Agent List