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$293,000

1903 Cottonwood Dr, Portland, TX, 78374

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.13 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Disposal, Microwave
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size6,142 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APN2052-1001-0003-000
Lot Number3
SubdivisionBay Landing Unit 1b
Land UseSingle Family Residence
Legal DescriptionBAY LANDING UNIT 1B BLK 1 LOT 3
Census Tract010601
Assessed Land Value$91,439
Assessed Improvement Value$206,449
Assessment Year2025

About this property

1903 Cottonwood Drive is in the desirable Bay Landing subdivision of Portland, Texas. Built in 2015 and situated on a spacious corner lot, this well-maintained 3-bedroom, 2-bathroom home offers a functional layout with thoughtful updates and inviting outdoor living spaces. Inside, you’ll find no carpet throughout the home, creating a clean and low-maintenance environment. The kitchen features granite countertops, a recently replaced electric cooktop, ample cabinet space, and an open flow into the main living and dining areas, making it ideal for both everyday living and entertaining. The primary suite offers privacy and comfort with an en-suite bathroom, walk in shower and generous closet space, while the additional bedrooms provide flexibility for guests, hobbies, or a home office. Step outside to enjoy the east-facing backyard complete with a patio slab, pergola, and storage shed—an enjoyable setting for morning coffee, evening gatherings, or relaxing outdoors. Additional features include a two-car garage and negotiable washer, dryer, and refrigerator for added convenience. Located within Gregory-Portland ISD and zoned to W.C. Andrews Elementary, Gregory-Portland Middle School, and Gregory-Portland High School, this home offers easy access to local schools, shopping, dining, and major employers throughout the Coastal Bend. Portland is known for its top rated schools, coastal location, outdoor recreation opportunities, and growing community amenities. Schedule your private tour today and come see everything this Bay Landing home has to offer.

Investor Tools

$172,677Estimated Mortgage Balance
$125,818Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,787 /month
Positive
Cash Flow Estimate:
$596 /month

Interested in this property?

Andrea Holmgreen

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,447
$297,888
2025
$91,439
$206,449
$297,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,447
$297,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Novus Home Mortgage
Conventional
$184,000
No
First
Jan 26, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,677
$125,211
42%
58%
$1,104/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: Portland

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