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$254,000

NAL Estimated Property Value

406 Oak Street, Colmesneil, TX, 75938

$330,200 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,686 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$66.64 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Refrigerator, Electric Cooktop, Double Oven, Electric Oven
FlooringTile, Vinyl

Building Information

Year Built1972

Land Information

APNR021325
Lot Number8
Land UseResidential
Legal DescriptionS5160 SHADY ACRES SEC 1 (A332), BLK 2, LOT 8
Census Tract950100
Assessed Land Value$1,000
Assessed Improvement Value$216,404
Assessment Year2025

About this property

Well-maintained 3 bedroom/2 bath brick home with 2,686 SF and an attached 3-car carport located in the quaint little town of Colmesneil. The large family room features vinyl plank flooring and a wood burning fireplace with mantel and brick hearth. Lovely kitchen with plenty of cabinet space and cabinetry, a double oven, cook top stove, refrigerator, dishwasher, disposal and back yard views. Immense utility room and tons of storage space throughout the home. The dining room is just off the kitchen area and features an opening into the office that could also be a game room or sun room. The formal living room is currently being used as a fourth bedroom. All bedrooms have ceramic tile with ceiling fans. The back yard is fenced with a metal workshop and 2 more attached carports. The covered patio is a great place for cook outs and relaxing! Located within walking distance of Colmesneil ISD and not far from popular Lake Tejas, where everyone enjoys spending their summer break! Meas. approx.

Investor Tools

Property Icon
$254,000
Estimated Property Value
$158,379Estimated Mortgage Balance
$95,621Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$330,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,524 /month
Positive
Cash Flow Estimate:
$508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,746
$217,404
2025
$1,000
$216,404
$217,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,746
$217,404

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gulf Coast Educators Fcu
Stand Alone First / Home Equity First Lien
$179,000
No
First
Jun 8, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,379
$95,621
37%
62%
$1,074/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: Colmesneil

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406 Oak Street | Property Details | No Agent List