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$455,000

NAL Estimated Property Value

342 Old Easton Road, Longview, TX, 75603

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,432 Sq Ft
FarmFarm
price_per_sqft$189.14 / sqft
Year BuiltBuilt in 1995

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range

Exterior

Exterior FeaturesStorage
Lot Size7.45 acres

Building Information

Year Built1995
Roof Type112
Garage Spaces2

Land Information

APN0070023603-008-01-03
SubdivisionCastro F Sur
Land UseResidential
Legal DescriptionAB 236 F CASTRO SUR TRS 8-01 & 11SEC 3
Census Tract010501
Assessed Land Value$53,570
Assessed Improvement Value$294,710
Assessment Year2025

About this property

Gregg County-Lakeport area opportunity on 8.6+- acres. This 2432 SF rustic ranch home with shop, outbuildings and fenced acreage has many possible uses. The home has 2 bedrooms and 2.5 baths. The home also includes an 1100 SF open multipurpose room with .5 bath. This large space could be used for large family gatherings, church activities, game room or even a business store front. The home has a newer 25KW Generac generator (4 years old) that is fueled by a 500 gallon leased propane tank. The aerobic septic system is within 5 years of being installed. The HVAC system was updated in 2023. There is also a newer storm shelter. There is a 28'x50' shop with additional covered parking and storage. Water is available to the shop and there is a separate electric meter. Next we have 2 storage containers that are covered by a metal roof. This has been used to store hay and work equipment. There is another large metal covering and shed for storage. The shops, containers, sheds and coverings make this a great business location. This property could be turned in to an RV Park and use the out buildings for a business or rental space. This property is fenced and cross fenced. One of the separate pastures has 2 sheds that can be used for an RV, farm equipment or animal shelter. This property is very close to Lake Cherokee and just minutes to the Gregg County Regional Airport, Lakeport, Tatum, I-20, Henderson, Kilgore and Longview.

Investor Tools

Property Icon
$455,000
Estimated Property Value
$149,671Estimated Mortgage Balance
$305,329Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,760 /month
Positive
Cash Flow Estimate:
$920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,573
$348,280
2025
$53,570
$294,710
$348,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,573
$348,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Conventional
$155,000
No
First
Jul 10, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,671
$305,329
67%
33%
$930/mo

City: Longview

342 Old Easton Road | Property Details | No Agent List