Last 24 Hours
$112,000
NAL Estimated Property Value307 Spanish Oak Street, Somerville, TX, 77879
$114,224 ARV
Off Market
2 Beds
2 Bath
938 Sq Ft
$133.16 / sqft
Built in 1996Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2AppliancesElectric Range, Dryer, Refrigerator, Washer
FlooringVinyl
Exterior
Lot Size15,002 sqft
Building Information
Year Built1996
Land Information
APNR23770
Lot Number425-427
Land UseResidential
Legal DescriptionS2502 SOMERVILLE PLACE LOT 425-427, .3444 ACRES SN# CBH002706TX HUD# HWC0236819
Census Tract970501
Assessed Land Value$42,104
Assessed Improvement Value$34,779
Assessment Year2025
About this property
Located just minutes from Lake Somerville! Enjoy being near the Lake for recreational fun like fishing and boating. Home sits on .34 acre and features 2 bedrooms, 2 bathrooms, 938 square feet of living space plus a 9' x 15' office off the covered front porch. Home has an open concept living/dining/kitchen area and vinyl flooring throughout. Home has a metal roof. The refrigerator, microwave, washer and dryer convey. Nice size steel frame metal building with rollup door and electricity. Subdivsion has a community swimming pool. This property would make a great weekend retreat or a permanent place to call home.
Investor Tools
$112,000
Estimated Property Value
$0Estimated Mortgage Balance
$112,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$114,223
Rent-to-Value Ratio: 0.72%
Rent Estimate
$749 /month
Positive
Cash Flow Estimate:
$250 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$96/month
$188/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$592
$76,883
2025
$42,104
$34,779
$76,883
No
Tax History
Year
Tax Paid
Assessed Value
2022
$592
$76,883
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$112,000
100%
0%
$0/mo
12.4%