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$231,000

NAL Estimated Property Value

3151 Cherry Ave, Groves, TX, 77619

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,650 Sq Ft
price_per_sqft$115.09 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

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

Exterior

Lot Size9,601 sqft

Building Information

Year Built1962
Stories1
Garage Spaces1

Land Information

APN044050-000-009300-00000
Lot Number16
SubdivisionMelrose
Land UseResidential
Legal DescriptionLOT 16 BLK 4 MELROSE MELROSE
Census Tract010600
Assessed Land Value$28,704
Assessed Improvement Value$169,202
Assessment Year2025

About this property

Quaint 3 bedroom 2 bath house with so many extras. No carpet, 1 car attached garage with utility room. The primary bedroom and primary bath were added in 2014. Split floor plan allows for lots of extra privacy. The kitchen has been remodeled and offers a gas range stove with all new cabinets, back splash and hardware. Call to schedule your appointment today. Located in Port Neches ISD.

Investor Tools

Property Icon
$231,000
Estimated Property Value
$155,859Estimated Mortgage Balance
$75,141Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,386 /month
Positive
Cash Flow Estimate:
$462 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,825
$197,906
2025
$28,704
$169,202
$197,906
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,825
$197,906

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$171,000
No
First
Sep 7, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,859
$49,141
23%
67%
$1,026/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.

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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: Groves

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3151 Cherry Ave | Property Details | No Agent List