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$384,950

$389,000

404 W Terrace Dr, Longview, TX, 75601

$500,435 ARVInfo
On MarketInfo
Price DropInfo
Beds7 Beds
Baths5 Bath
Baths3,926 Sq Ft
price_per_sqft$98.05 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Electric Oven, Electric Water Heater, Electric Cooktop
FlooringLaminate

Exterior

Lot Size26,981 sqft

Building Information

Year Built1968
Stories2
Roof Type109
Garage Spaces2

Land Information

APN1545000842-004-00-02
Lot Number4
SubdivisionBrookwood Place
Land UseResidential
Legal DescriptionLT 4 BLK 842 BROOKWOOD PLACE
Census Tract000402
Assessed Land Value$11,570
Assessed Improvement Value$389,710
Assessment Year2025

About this property

7 Bedrooms + 5 Bathrooms + 1.5 Acres in Longview ISD! A rare find! This gorgeous, spacious home offers an impressive 7 bedrooms, 5 bathrooms, and 3,926 sq ft of living space! With room to spread out, this one-of-a-kind property is perfect for a growing family! Inside, you’ll find fresh paint, a double oven, upgrades throughout, a newer roof, generous living spaces, and a move-in-ready interior with endless possibilities! Step outside and enjoy the beautiful acreage featuring an open patio, gazebo, and wishing well-creating the perfect setting for relaxing or entertaining! With its exceptional size, acreage, and unique layout, this property also offers exciting potential for an investor looking to explore other income-producing opportunities! Endless opportunities! Call and view today!

Investor Tools

$272,239Estimated Mortgage Balance
$131,093Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$500,435
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,408 /month
Positive
Cash Flow Estimate:
$803 /month

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Pate Greening

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,713
$401,280
2025
$11,570
$389,710
$401,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,713
$401,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Conventional
$297,000
No
First
Dec 28, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,239
$181,761
40%
68%
$1,781/mo

City: Longview