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$303,000

NAL Estimated Property Value

124 Royal Lane, Commerce, TX, 75428

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,855 Sq Ft
price_per_sqft$91.03 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size17,886 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5036-0000-0190-31
Lot Number19
SubdivisionSouthgate Addition # 2
Land UseResidential
Legal DescriptionS5036 SOUTHGATE ADDITION # 2 LOT 19 ACRES .4106
Census Tract960500
Assessed Land Value$55,270
Assessed Improvement Value$191,920
Assessment Year2025

About this property

This home has had extensive renovations, update and remodeling over the past 4-5 years with many recent updates. New roof in November. Updated kitchen. Windows replaced. Complete renovation of the master bathroom. Foundation work. Plumbing. Epoxy flooring in garage. And much more. Love to entertain? Plenty of room both inside and out as home features multiple living areas and outdoor living space with gas fire pit. All bedrooms are over-sized. Master bedroom has adjoining living space that can be used as private home office, exercise room or nursery. Huge landscaped corner lot with circular drive.

Investor Tools

Property Icon
$303,000
Estimated Property Value
$247,775Estimated Mortgage Balance
$55,225Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$665/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,470
$247,190
2025
$55,270
$191,920
$247,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,470
$247,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$236,680
No
First
Apr 12, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,775
$55,225
18%
82%
$1,630/mo

City: Commerce