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$285,000

NAL Estimated Property Value

1615 Drake Drive, Commerce, TX, 75428

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,185 Sq Ft
price_per_sqft$90.39 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size18,600 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3601-0010-0210-31
SubdivisionHy-Lann Terrace Sec 2
Land UseResidential
Legal DescriptionS3601 HY-LANN TERRACE SEC 2 BLK 1 LOT 21 ACRES .427
Census Tract960600
Assessed Land Value$57,850
Assessed Improvement Value$186,480
Assessment Year2025

About this property

Not many four bedroom homes in Commerce so here's your chance. Located on quiet cul de sac this home has all the space you need. Large living area. Spacious master bedroom. Formal dining along with breakfast nook. Storage building in back yard. Huge lot. Come and make this house your home.

Investor Tools

Property Icon
$285,000
Estimated Property Value
$122,656Estimated Mortgage Balance
$162,344Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,174
$244,330
2025
$57,850
$186,480
$244,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,174
$244,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$137,500
No
First
Oct 15, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,656
$162,344
56%
43%
$825/mo

City: Commerce