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$166,000

NAL Estimated Property Value

319 3rd Street, Somerville, TX, 77879

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths950 Sq Ft
Single Family ResidenceSingle Family Residence
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1

Exterior

Lot Size15,002 sqft

Building Information

Year Built1963

Land Information

APNR22143
Lot Number40
Land UseResidential
Legal DescriptionS2431 LANDOLT #7 BLK 14 LOT 40, .3444 ACRES
Census Tract970502
Assessed Land Value$34,800
Assessed Improvement Value$35,131
Assessment Year2025

About this property

Lovely large 0.34 +/- acre corner lot inside the city limits of Somerville with city utilities also onsite. Beautiful mature crepe myrtle trees and a large live oak, too. No HOA to pay into here! This property is conveniently located just two miles from Welch Park at Lake Somerville where you will find opportunities for camping, hiking, biking, fishing, water skiing and ample wildlife viewing opportunities. Banking, shopping, restaurants and schools located within a 2-3 mile radius. Come enjoy the slower pace of life in small town that still has all the conveniences and easy access to bigger cities. Whether you're looking for an investment, weekend property or to relocate this listing has so much to offer. A 2/1 home sits on the lot that has potential as a rental home, or renovation project. Located approximately: 90 miles to Houston, 93 miles to Austin, 32 miles to Bryan/College Station, 15 miles to Brenham, 18 miles to Caldwell

Investor Tools

Property Icon
$166,000
Estimated Property Value
$10,705Estimated Mortgage Balance
$155,295Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /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
$643
$69,931
2025
$34,800
$35,131
$69,931
No

Tax History

Year
Tax Paid
Assessed Value
2025
$643
$69,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Building Or Construction Loan
$12,000
No
First
Oct 26, 2020
Nov 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$10,705
$155,295
93%
6%
$72/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: Somerville

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319 3rd Street | Property Details | No Agent List