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$264,995

302 Frio Drive, Portland, TX, 78374

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,906 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.03 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 0.5Bathrooms Full 0.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Range Hood
FlooringCeramic Tile, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size9,017 sqft

Building Information

Year Built1968
Roof Type105
Garage Spaces2

Land Information

APN0203-0009-0001-000
Lot Number1
SubdivisionEast Cliff No 5
Land UseResidential
Legal DescriptionEAST CLIFF NO 5 BLK 9 LOT 1
Census Tract010604
Assessed Land Value$64,980
Assessed Improvement Value$223,010
Assessment Year2025

About this property

The wall came down that was closing off the living room! NEW PRICE! What a deal! Welcome to this charming brick home on a spacious 75' x 120' corner lot in the heart of Portland! With standout curb appeal featuring arched windows, classic brick detail, and a desirable 2-car side-entry garage, this property makes a great first impression. The oversized corner lot offers plenty of room for parking, boats, trailers, or weekend toys—plus space to create your own outdoor retreat. Enjoy a prime location just minutes from local favorites like Sunset Lake Park and East Cliff Park, and close to the exciting Fifth and Elm area for dining, entertainment, and community events. A great opportunity to enjoy space, convenience, and coastal living all in one!

Investor Tools

$231,239Estimated Mortgage Balance
$56,751Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

Interested in this property?

Tyler Fox

NB Elite Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$597/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,726
$287,990
2025
$64,980
$223,010
$287,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,726
$287,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stg Mortgage Inc
Fha
$234,671
Yes
First
Aug 19, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,239
$56,751
19%
80%
$1,407/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: Portland

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302 Frio Drive | Property Details | No Agent List