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$241,370

NAL Estimated Property Value

2108 Matagorda Dr, Portland, TX, 78374

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,684 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.46 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size6,795 sqft

Building Information

Year Built1978
Roof Type105
Garage Spaces2

Land Information

APN1934-0013-0018-000
Lot Number18
SubdivisionTwin Fountains Unit-2
Land UseResidential
Legal DescriptionTWIN FOUNTAINS UNIT-2 BLK 13 LOT 18
Census Tract010602
Assessed Land Value$35,418
Assessed Improvement Value$205,952
Assessment Year2025

About this property

Welcome to this beautifully updated 3-bedroom, 2-bathroom home located in a desirable neighborhood of Portland, TX. This home offers a functional split-bedroom floor plan and features a spacious living area with a decorative fireplace—perfect for relaxing or entertaining. Enjoy the stylish, recently remodeled kitchen that opens to a bright breakfast area and includes new cabinetry, granite countertops, modern appliances, and updated fixtures. A versatile bonus room offers the flexibility to be used as a second living area, home office, or formal dining space—perfect for adapting to your lifestyle. Additional upgrades include durable vinyl plank flooring throughout, some updated lighting, and fresh paint inside and out. The roof was replaced in 2018, providing peace of mind. The home also includes an indoor utility room for added convenience and a 2-car attached garage. Step outside to a generous, fenced backyard with an open patio—ideal for entertaining or relaxing. Located directly across from a large park, this home offers scenic views and a peaceful setting. Plus, you'll enjoy easy access to local schools, shopping, and restaurants. Don't miss this move-in ready gem—schedule your private tour today and see all this home has to offer!

Investor Tools

Property Icon
$241,370
Estimated Property Value
$224,910Estimated Mortgage Balance
$16,460Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,448 /month
Positive
Cash Flow Estimate:
$483 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,055
$241,370
2025
$35,418
$205,952
$241,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,055
$241,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank (Lexington
Conventional
$227,905
No
First
Jul 30, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,910
$16,460
6%
93%
$1,367/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.

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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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2108 Matagorda Dr | Property Details | No Agent List