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$132,000

3041 Monroe St, Commerce, TX, 75428

$140,831 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,300 Sq Ft
price_per_sqft$101.54 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyAuctionPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,882 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APN5038-0000-0310-31
Lot Number31
SubdivisionSouth Park Addition
Land UseResidential
Legal DescriptionS5038 SOUTH PARK ADDITION LOT 31 ACRES .2039 *LIFE ESTATE TO CAROL BUSH*
Census Tract960500
Assessed Land Value$37,740
Assessed Improvement Value$87,700
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bath home located in the heart of Commerce, Texas. Offering approximately 1,300 square feet of living space, this home provides a functional layout with comfortable living areas and plenty of potential for homeowners or investors alike. Situated on a spacious lot, the property offers room for outdoor enjoyment, gardening, or entertaining. Conveniently located near shopping, dining, schools, and East Texas A&M University, this home provides easy access to everything Commerce has to offer. Whether you're searching for a primary residence, rental property, or investment opportunity, this property presents excellent potential in a growing community

Investor Tools

$53,252Estimated Mortgage Balance
$134,748Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$140,831
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,128 /month
Positive
Cash Flow Estimate:
$376 /month

Interested in this property?

Katie Foley

Rapid Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,223
$125,440
2025
$37,740
$87,700
$125,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,223
$125,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gold Financial Services
Fha
$71,186
Yes
First
Dec 17, 2014
Jan 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,252
$134,748
71%
28%
$0/mo

City: Commerce

3041 Monroe St | Property Details | No Agent List