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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

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.

Explore Texas Explore This Area
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: Sour Lake

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160 N Merchant St | Property Details | No Agent List