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$145,000

488 7th Street, Somerville, TX, 77879

$188,500 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,369 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$61.21 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

BankruptcyMust-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3

Exterior

Lot Size7,945 sqft

Building Information

Year Built1940

Land Information

APNR22060
Lot Number3
Land UseResidential
Legal DescriptionS2428 JRL #2 BLK 3 LOT 3, .1824 ACRES
Census Tract970502
Assessed Land Value$27,887
Assessed Improvement Value$169,505
Assessment Year2025

About this property

If you are looking for a great value near Lake Somerville, here you go! This large, 4-bedroom, 3-bath home has tons of space and potential while being very conveniently located in proximity Welch Park at Lake Somerville (0.8 miles) and to Somerville ISD Schools. As an added bonus, this property is almost equidistant between Houston and Austin. Local restaurants, shopping, gas stations, a grocery store and bank are nearby as well. A public playground is one street over. This home sits on approximately 0.18 acre, is serviced by City of Somerville utilities and has a good-sized backyard. Whether you're looking for a full-time residence, investment property or seasonal home, don't miss out on this opportunity. Approximate Distance to the following: 90 miles to Houston, 94 miles to Austin, 27 miles to College Station, 16 miles to Brenham, 18 miles to Caldwell, 0.8 miles to Welch Park at Lake Somerville.

Investor Tools

$28,485Estimated Mortgage Balance
$168,907Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$188,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,184 /month
Positive
Cash Flow Estimate:
$395 /month

Interested in this property?

Missy Flencher

Armstrong Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$470/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,647
$197,392
2025
$27,887
$169,505
$197,392
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,647
$197,392

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Unknown
$60,000
No
First
Jun 9, 2006
Jun 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,485
$168,907
85%
14%
$360/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.

Explore Texas Explore This Area
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: Somerville

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488 7th Street | Property Details | No Agent List