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$149,000

NAL Estimated Property Value

264 Lantern St, Somerville, TX, 77879

Off MarketInfo
Baths878 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1950

Exterior

Lot Size6,251 sqft

Building Information

Year Built1950

Land Information

APNR21873
Lot Number33
Land UseResidential
Legal DescriptionS2423 GOINGS BLK 3 LOT 33, 0.1435 ACRES
Census Tract970502
Assessed Land Value$12,438
Assessed Improvement Value$25,652
Assessment Year2025

About this property

Fabulous group of 4 1/2 of lots being sold together and ready for your vision to come to life inside the city limits of Somerville! These lots are an investors dream. They have already been partially cleared and have beautiful scattered mature hardwoods throughout, road frontage and utilities available on two sides. This property has a lot to offer! Conveniently located approximately 16 miles to Brenham, 93 miles to Austin, 90 miles to Houston, 28 miles to Bryan/College Station and just two miles to Welch Park at Lake Somerville. Lake Somerville offers various kinds of recreation from water skiing to fishing, hiking, camping and horseback trails. An additional group of lots is also available across the street. Mobile homes allowed if not older than 5 years old, per city requirements. City utilities available on either road front but will need water and wastewater taps and meters. Electricity available through Entergy and gas through Atmos.

Investor Tools

Property Icon
$149,000
Estimated Property Value
$0Estimated Mortgage Balance
$149,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$137/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$897
$38,090
2025
$12,438
$25,652
$38,090
No

Tax History

Year
Tax Paid
Assessed Value
2025
$897
$38,090

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$142,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Somerville

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264 Lantern St | Property Details | No Agent List