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$194,000

NAL Estimated Property Value

310 Water Oak Street, Somerville, TX, 77879

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,012 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.28 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size15,002 sqft

Building Information

Year Built1979
Garage Spaces1

Land Information

APNR23888
Lot Number544-546
Land UseResidential
Legal DescriptionS2502 SOMERVILLE PLACE BLK 2 LOT 544-546, .3444 ACRES
Census Tract970501
Assessed Land Value$42,104
Assessed Improvement Value$63,175
Assessment Year2025

About this property

Welcome to your Lake Somerville retreat! Located at 310 Water Oak in Somerville, Texas, this well-maintained 3-bedroom, 1.5-bath home sits on three spacious lots totaling approximately 0.34 acres, giving you room to breathe while still enjoying the convenience of town. Inside, you’ll find a comfortable and functional layout perfect for weekend getaways, full-time living, or an investment opportunity near the lake. Step outside and enjoy everything this property offers: Outside Shower, Two storage sheds for tools, lake gear, or hobbies. Covered barbecue sitting area — ideal for entertaining family and friends. Generous yard space across three lots with room for additional improvements. Located just minutes from Lake Somerville and near Big Creek Park, you’ll have quick access to boating, fishing, camping, and outdoor recreation. Whether you're looking for a weekend lake escape or a quiet place to call home, this property offers both flexibility and location.

Investor Tools

Property Icon
$194,000
Estimated Property Value
$118,807Estimated Mortgage Balance
$75,193Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$123/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$504
$105,279
2025
$42,104
$63,175
$105,279
No

Tax History

Year
Tax Paid
Assessed Value
2025
$504
$105,279

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$131,100
No
First
Jul 22, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,807
$75,193
38%
61%
$787/mo

City: Somerville

310 Water Oak Street | Property Details | No Agent List