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$614,900

$624,900

2 Schendel, Portland, TX, 78374

On MarketInfo
Just AddedInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths2,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.44 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Dryer, Washer

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Rain Gutters, Storage
Lot Size35,893 sqft

Building Information

Year Built1996
Roof Type105
Garage Spaces2

Land Information

APN0044-0100-0002-002
Lot Number2B
SubdivisionBlair Addn
Land UseResidential
Legal DescriptionBLAIR ADDN LOT 2B
Census Tract010601
Assessed Land Value$73,056
Assessed Improvement Value$510,948
Assessment Year2025

About this property

NEW PRICE ALERT!!! Looking for that rare unicorn property? You’ve found it! This beautifully updated home with land is a true gem in Portland, Texas. Offering nearly 3,000 square feet of living space, the home features 5 spacious bedrooms and 3.5 bathrooms, all situated on almost an acre of land. Meticulously maintained, the home showcases thoughtful upgrades throughout, including new luxury vinyl plank flooring, built-ins throughout the home, a whole-home water filtration system, and the convenience of a second upstairs laundry closet. The inviting living area centers around a cozy wood-burning fireplace, creating the perfect space for gatherings or quiet evenings at home. The kitchen is a standout, featuring granite countertops, abundant counter space, and ample cabinetry—ideal for both everyday living and entertaining. The expansive upstairs primary suite is a private retreat, complete with its own office or sitting area tucked behind elegant French doors. The spa-like primary bathroom features a large walk-in shower with dual shower heads. A large covered front porch invites you to relax and take in gorgeous sunset views—ideal for unwinding at the end of the day. The backyard is equally impressive, shaded by mature oak trees that create a serene, park-like setting. Outside, you’ll also find a separate storage shed and a fully fenced dog run with a dog house, complete with power and water—perfect for pet lovers. This exceptional property offers the space, updates, and amenities rarely found in one package.

Investor Tools

$491,234Estimated Mortgage Balance
$93,488Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,689 /month
Positive
Cash Flow Estimate:
$1,230 /month

Interested in this property?

Rhonda Harrison

KM Premier Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,114/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,449
$584,004
2025
$73,056
$510,948
$584,004
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,449
$584,004

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Va
$493,373
Yes
First
Mar 5, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$491,234
$92,770
15%
84%
$2,959/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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