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$500,000

NAL Estimated Property Value

301 W Larissa St, Jacksonville, TX, 75766

Off MarketInfo
CommercialInfo
Beds5 Beds
Baths— Bath
Baths3,465 Sq Ft
price_per_sqft$129.73 / sqft
Year BuiltBuilt in 1857

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms —Bathrooms —
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator
FlooringHardwood

Exterior

Exterior FeaturesBalcony, Fire Pit, Rain Gutters
Lot Size32,670 sqft

Building Information

Year Built1857
Garage Spaces2

Land Information

APN222959200
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK 1 KING DAVID PLACE - CITY OF JACKSONVILLE
Census Tract950700
Assessed Land Value$13,660
Assessed Improvement Value$231,470
Assessment Year2025

About this property

A remarkable local landmark, the Larissa House provides a solid foundation for launching your successful business. Current zoning allows for shopping and other residential service-oriented businesses such as a restaurant, a bakery, professional offices, a beauty parlor / spa, and many other permitted uses. The city also allows for private residential use with no restriction from ongoing use as a short-term rental and wedding venue. All furnishings convey with the sale of the property. The 600 square foot covered patio makes the property easily adaptable into a private event venue. Major updates to plumbing, electrical, HVAC systems, the kitchen and bathrooms completed in the past five years modernized the property for ongoing use without stripping away the historic details and charm. With over three acres of property and over 800 feet of road frontage, the property has flexibility to accommodate additional improvements. At least 24 existing paved parking spaces. Downtown Jacksonville has a growing variety of small-town shops, boutiques, restaurants, local coffee shops and evening social spots that are all within an easy stroll. Jacksonville hosts seasonal events, markets, and festivals for guests and residents to enjoy. Cherokee Trace Drive-Thu Safari, Love’s Lookout, the 7,000 acre Neches River National Wildlife Refuge, Lake Jacksonville boating and fishing, River Run ATV Park, and the Vanishing Texana Museum all provide unique and interesting activities for residents and guests to the area to enjoy.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$233,190Estimated Mortgage Balance
$268,126Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$308/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,201
$245,130
2025
$13,660
$231,470
$245,130
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,201
$245,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Commercial
$254,400
No
First
Dec 15, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,190
$286,810
55%
47%
$1,526/mo

City: Jacksonville

301 W Larissa St | Property Details | No Agent List