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Owner Contacts

$233,000

NAL Estimated Property Value

506 Center Way Street, Lake Jackson, TX, 77566

Off Market

2 Beds

1 Bath

1,575 Sq Ft

Single Family Residence

$149.21 / sqft

Built in 1950

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 6

Garage Available

Heating Electric

Cooling

AppliancesDishwasher

Exterior

Lot Size10,141 sqft

Building Information

Year Built1950

Stories1

Roof Type105

Garage Spaces1

Land Information

APN5850-0795-000

Lot Number10

SubdivisionArea B-C-D-E-G-H-J-K-L Etc

Land UseResidential

Legal DescriptionAREA B-C-D-E-G-H-J-K-L ETC (LAKE JACKSON) BLK 4 LOT 10 AREA G

Census Tract663300

Assessed Land Value$36,500

Assessed Improvement Value$113,120

Assessment Year2025

About this property

Stop the car! You will want to see this one! You will be amazed once you step inside how spacious this home is! Completely remodeled! Foundation complete 2/7/25. New floors, paint, bathroom addition in newly created master bedroom, separate bathroom remodel by second and third bedrooms - all new cabinets and counter tops - just too many custom upgrades to mention! This home was remodeled with care and perfection, no detail too small! Featuring an open concept living and kitchen area, ample storage space, 3 spacious bedrooms and 2 baths, this home has room for all! With two driveways, there is plenty of room for guest parking, RV, boats - all your toys! The over sized backyard is a perfect place for entertaining - host in private with a brand new fence. Minutes from shopping and restaurants, this home offers the ultimate in Lake Jackson convenience. The square footage does not include newly added master bathroom. Seller says make an offer!

Investor Tools

$233,000

Estimated Property Value

$230,510Estimated Mortgage Balance

$2,490Estimated Equity

1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,410 /month

Positive

Cash Flow Estimate:

$470 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$284/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,247

$140,400

2025

$36,500

$113,120

$149,620

Tax History

Year

Tax Paid

Assessed Value

2024

$2,247

$140,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Southstar Bank Ssb

Conventional

$235,000

First

Apr 25, 2025

May 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$230,510

$2,490

99%

$1,409/mo

Learn About the Market: Opportunity in Texas

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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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