Last 24 Hours
$189,000
NAL Estimated Property Value1601 Locust Street, Commerce, TX, 75428
Off Market
Commercial
5 Beds
— Bath
1,738 Sq Ft
Unimproved LandHighlights
Interior
Bedrooms 5
Bathrooms —
Garage AvailableExterior
Lot Size7,405 sqft
Building Information
Year Built2025
Stories1
Garage Spaces3
Land Information
APN3278-000A-0020-31
Lot Number2
SubdivisionHammernheels Addition
Legal DescriptionS3278 HAMMERNHEELS ADDITION BLK A LOT 2 ACRES .17
Census Tract960500
Assessed Land Value$23,250
Assessment Year2025
About this property
SELLER FINANCING AVAILABLE! Great location close to Texas A&M University Commerce. Large corner lot zoned A-2 apartment dwelling district. The old house has been demolished, sewage and electricity available on the street. The lot is flat and ready for a redevelopment. Seller will finance for 5 years at 6% interest with 15% down payment. Buyer to verify zoning status with the City of Commerce.
Investor Tools
$189,000
Estimated Property Value
$0Estimated Mortgage Balance
$189,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$131/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$622
$23,250
2025
$23,250
N/A
$23,250
No
Tax History
Year
Tax Paid
Assessed Value
2024
$622
$23,250
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$189,000
100%
0%
$0/mo
12.4%