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$350,000

12615 Old River Dr, Mont Belvieu, TX, 77523

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,800 Sq Ft
price_per_sqft$194.44 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3

Exterior

Lot Size11,718 sqft

Land Information

APN44000-00012-00400-000400
SubdivisionCountry Est
Land UseResidential
Legal Description4 4 OLD RIVER SEC 1 COUNTRY EST
Census Tract710100
Assessed Land Value$15,820
Assessed Improvement Value$301,870
Assessment Year2025

About this property

Nestled in the highly sought-after Old River Country subdivision in the City of Mont Belvieu, this 3-bedroom, 2-bath home offers the perfect blend of location, flexibility, and value. One of its standout features is the thoughtfully converted garage, now a fully functional 2-bedroom apartment—ideal for multigenerational living, hosting extended guests, a private home office, or generating rental income. Love to entertain? The spacious enclosed party room provides the perfect place to gather with family and friends year-round, while the storage building offers plenty of space for tools, lawn equipment, and outdoor hobbies. Situated in one of Mont Belvieu's most established and desirable neighborhoods, this home is ready for its next owner to enjoy as-is or add their own personal touches over time. Opportunities like this—offering location, versatility, and income potential—don't come along often!

Investor Tools

$174,605Estimated Mortgage Balance
$201,970Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,256 /month
Positive
Cash Flow Estimate:
$752 /month

Interested in this property?

Hannah Vaughan

RE/MAX ONE - Premier

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,497
$317,690
2025
$15,820
$301,870
$317,690
No

Tax History

Year
Tax Paid
Assessed Value
2023
$1,497
$317,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$182,000
No
First
Apr 1, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,605
$149,395
46%
46%
$1,092/mo

City: Mont Belvieu

12615 Old River Dr | Property Details | No Agent List