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$299,000

322 Pacific Dr, Portland, TX, 78374

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,880 Sq Ft
price_per_sqft$159.04 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Free Standing Range, Disposal, Refrigerator, Range Hood
FlooringCeramic Tile, Laminate

Exterior

Lot Size6,011 sqft

Building Information

Year Built2011
Roof Type105
Garage Spaces2

Land Information

APN0027-8020-0011-000
Lot Number11
SubdivisionBay Ridge Subd Unit 8
Land UseResidential
Legal DescriptionBAY RIDGE SUBD UNIT 8 BLK 20 LOT 11 0.1515 ACRES
Census Tract010700
Assessed Land Value$62,640
Assessed Improvement Value$253,624
Assessment Year2025

About this property

Welcome to 322 Pacific Dr in Portland, Texas, a well-maintained 3-bedroom, 2-bath home offering approximately 1,880 square feet of comfortable living space. Built in 2011, this single-story home features an inviting open-concept floor plan, spacious living and dining areas, and a functional kitchen with a breakfast bar, built-in dishwasher, disposal, freestanding range, oven, and refrigerator. The primary suite offers a comfortable retreat, while two additional bedrooms provide flexibility for all, guests, or a home office. Additional highlights include ceramic and laminate flooring, central heat and air, an indoor laundry room with washer and dryer hookups, and an attached two-car garage. Outside, enjoy a covered patio, fenced backyard, mature landscaping, and established neighborhood setting in the desirable Bay Ridge subdivision. Conveniently located within Gregory-Portland ISD and close to local shopping, dining, schools, and area amenities. Property is currently Occupied and do not disturb occupants. A great opportunity to own a spacious home in Portland. ***check out the virtually staged photos***

Investor Tools

$144,195Estimated Mortgage Balance
$173,226Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,898 /month
Positive
Cash Flow Estimate:
$633 /month

Interested in this property?

Clarissa Mendoza

Keller Williams Coastal Bend

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$711/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,951
$316,264
2025
$62,640
$253,624
$316,264
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,951
$316,264

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Waterstone Mortgage Corp
Conventional
$161,000
No
First
Nov 18, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$144,195
$172,069
54%
46%
$966/mo

City: Portland

322 Pacific Dr | Property Details | No Agent List