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$285,000

407 Gaywood Ln, Somerville, TX, 77879

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,484 Sq Ft
price_per_sqft$192.05 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDisposal, Microwave, Dishwasher
FlooringCarpet, Vinyl Plank

Exterior

Exterior FeaturesSprinkler System
Lot Size1.06 acres

Building Information

Year Built2006
Garage Spaces3

Land Information

APNR22651
Land UseResidential
Legal DescriptionS2501 BIRCH CREEK FOREST BLK 5 LOT 6/9-11, 1.056 ACRES SN# PH1710323A HUD# PFS0957156
Census Tract970501
Assessed Land Value$104,759
Assessed Improvement Value$150,116
Assessment Year2025

About this property

Welcome to 407 Gaywood Lane! Situated on approximately 1.06 acres, this well-maintained 2006 manufactured home offers approximately 1,484 square feet of comfortable living space with 3 bedrooms and 2 bathrooms. Outside discover one of the property’s standout features—a huge 16X42 covered patio. The property also features fenced front and back yards, a detached carport and a large 30x40 drive-through shop with an attached covered area. The drive-through design offers added convenience for boats, trailers, equipment, projects, hobbies, or storage, while the attached covered area provides even more versatile space. With approximately 1.06 acres and a sprinkler system to help maintain the grounds, there’s plenty of room to spread out and enjoy the country atmosphere. Located in a community with an HOA, residents enjoy access to a community pool, convenient community trash collection point, and a neighborhood boat ramp—making it easy to enjoy nearby Lake Somerville.

Investor Tools

$97,855Estimated Mortgage Balance
$157,020Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$187/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$964
$254,875
2025
$104,759
$150,116
$254,875
No

Tax History

Year
Tax Paid
Assessed Value
2025
$964
$254,875

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ranlife Home Loans
Conventional
$108,826
No
First
Apr 19, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,855
$157,020
61%
38%
$653/mo

City: Somerville

407 Gaywood Ln | Property Details | No Agent List