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$228,000

NAL Estimated Property Value

503 Schilling St, Baytown, TX, 77520

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,766 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.24 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Dishwasher
FlooringLaminate, Vinyl

Exterior

Lot Size5,998 sqft

Building Information

Year Built1935
Stories1
Garage Spaces3

Land Information

APN0631150060009
Lot Number9
SubdivisionMorrell Park
Land UseResidential
Legal DescriptionLT 9 BLK 6 MORRELL PARK SEC 1
Census Tract254300
Assessed Land Value$48,000
Assessed Improvement Value$142,633
Assessment Year2025

About this property

Welcome to 503 Schilling Street, a beautifully remodeled 3-bedroom, 2-bathroom home in Baytown’s historic Morell Park neighborhood. Spanning 1,766 square feet on a 6,000-square-foot lot, this residence seamlessly blends classic charm with modern updates. Inside, you’ll find a spacious layout featuring a fully renovated kitchen and bathrooms, complemented by central HVAC and heating for year-round comfort. The property includes a two-car garage and an expansive driveway accommodating up to three additional vehicles. Situated near major refineries and local shops, and just minutes from attractions like Pirates Bay Water Park and the Baytown Nature Center, this home offers both convenience and leisure. Don’t miss the opportunity to own a piece of Baytown’s history—schedule your private tour today and experience the timeless appeal of 503 Schilling Street.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$149,430Estimated Mortgage Balance
$78,570Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,160
$190,633
2025
$48,000
$142,633
$190,633
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,160
$190,633

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Matt L Janner
Purchase Money Mortgage
$155,000
No
First
May 10, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,430
$78,570
34%
66%
$930/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$930/mo
+$377/mo
6.9%

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: Baytown

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503 Schilling St | Property Details | No Agent List