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$205,000

NAL Estimated Property Value

160 N Merchant St, Sour Lake, TX, 77659

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,764 Sq Ft
price_per_sqft$96.32 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
CoolingCooling

Exterior

Lot Size24,250 sqft

Building Information

Year Built2010
Stories1
Roof Type106
Garage Spaces4

Land Information

APN007300-003100
Lot Number7,1-3
SubdivisionMerchant
Land UseResidential
Legal DescriptionS07300 MERCHANT BLK 10, LOT 1-3 & 7, ACRES .5567
Census Tract030200
Assessed Land Value$8,000
Assessed Improvement Value$178,985
Assessment Year2025

About this property

Cute 2 bedroom, 2 bath home on +/- .55 acres in the Hardin Jefferson School District. This move in ready home on a large lot is a great starter home. Inside is open concept that gives home a very spacious feel, Kitchen features plenty of counter space of cooking and bedrooms are both a great size. Property has two sheds, covered parking area attached to the house, plenty of space for a garden along with yard area for the kids to play in. This home located in the heart of Sour Lake is a must see call today and schedule your private showing.

Investor Tools

Property Icon
$205,000
Estimated Property Value
$149,528Estimated Mortgage Balance
$55,472Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,880
$186,985
2025
$8,000
$178,985
$186,985
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,880
$186,985

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Open Mortgage Llc
Fha
$164,367
Yes
First
Aug 5, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,528
$63,472
29%
73%
$986/mo

City: Sour Lake

160 N Merchant St | Property Details | No Agent List