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$725,000

$750,000

2801 Merriman St, Port Neches, TX, 77651

On MarketInfo
Price DropInfo
Beds4 Beds
Baths5 Bath
Baths6,983 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.82 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher
FlooringTile, Wood

Exterior

Lot Size1.52 acres

Building Information

Year Built1989
Stories1
Garage Spaces5

Land Information

APN049402-000-027600-00000
Lot Number8
SubdivisionPalco - P.N.
Land UseResidential
Legal DescriptionLT 8 TR 2 BLK 12 RG F PALCO 1.515AC
Census Tract010902
Assessed Land Value$268,620
Assessed Improvement Value$481,380
Assessment Year2025

About this property

4 bed, 4.5 bath home on just over 1.5 acres in Port Neches-Groves ISD, ready for its next chapter! Ideally located near local dining and shopping, this property offers space, comfort, and timeless appeal. Mature shade trees and inviting curb appeal welcome you upon arrival, setting the tone for what’s inside. The spacious main living area is filled with natural light and features a wet bar, creating the perfect space for entertaining or relaxing. A formal dining room is ready to host gatherings, while the kitchen offers ample storage, a breakfast bar, and breakfast area for preparing and enjoying your favorite meals. With 4 bedrooms, 4.5 bathrooms, dedicated office, and movie room, this home provides room for a variety of needs. An indoor sauna adds a unique touch, offering a private space to unwind. Venture outside to your own backyard retreat featuring a patio area, mature trees, and sidewalks through the property for enjoying. This is one you don’t want to miss!

Investor Tools

$582,152Estimated Mortgage Balance
$167,848Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Dayna Simmons

Dayna Simmons Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,880
$750,000
2025
$268,620
$481,380
$750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,880
$750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Conventional
$600,000
No
First
Nov 7, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$582,152
$167,848
22%
78%
$3,598/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: Port Neches

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2801 Merriman St | Property Details | No Agent List