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$191,000

NAL Estimated Property Value

505 W Sycamore Ln., Longview, TX, 75604

Off MarketInfo
Beds Beds
Baths2 Bath
Baths1,632 Sq Ft
Year BuiltBuilt in 2011

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesElectric Water Heater, Dishwasher, Electric Oven, Electric Range

Exterior

Lot Size18,901 sqft

Building Information

Year Built2011
Stories1
Roof Type112
Garage Spaces2

Land Information

APN2880000003-009-00-02
Lot Number9
SubdivisionGreggton Gardens
Land UseResidential
Legal DescriptionLT 9 BLK 3 (NCB 3357) GREGGTON GARDENS
Census Tract000800
Assessed Land Value$11,390
Assessed Improvement Value$174,870
Assessment Year2025

About this property

Great investment opportunity in Longview with significant upside potential. This duplex at 505 W. Sycamore Ln. experienced a recent fire, and the left-side unit is currently uninhabitable. The right-side unit was undamaged by the fire and would only need minimal clean smoke clean up per the seller. Due to the condition of the property, this offering is priced substantially below prior value and is being sold primarily for land value, salvageable materials, and/or redevelopment potential. Originally built in 2011, the property features two 2-bedroom, 1-bath units with a shared carport. Excellent opportunity for investors, builders, or buyers looking for a renovation or rebuild project. Property to be sold as-is. Previous rental income was $1800/month combined.

Investor Tools

Property Icon
$191,000
Estimated Property Value
$73,583Estimated Mortgage Balance
$117,417Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$200/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,449
$186,260
2025
$11,390
$174,870
$186,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,449
$186,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barksdale Fcu
Commercial
$78,000
No
First
Apr 28, 2023
Apr 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,583
$117,417
61%
39%
$468/mo

City: Longview

505 W Sycamore Ln. | Property Details | No Agent List