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$207,000

NAL Estimated Property Value

5415 Commerce St, Wallis, TX, 77485

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,454 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$55.02 / sqft
Year BuiltBuilt in 1932

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesGas Cooktop, Gas Oven

Exterior

Lot Size11,286 sqft

Building Information

Year Built1932
Garage Spaces5

Land Information

APN12426
SubdivisionShelby-Frazer & Mccormick
Land UseResidential
Legal DescriptionA087 SHELBY-FRAZER & MCCORMICK
Census Tract760100
Assessed Land Value$19,951
Assessed Improvement Value$153,052
Assessment Year2025

About this property

Great investment property! Large .259 acre lot located directly off of HWY 36 and has many potential uses ...investment, commercial or residential. Or if you are looking for a project and enjoy restoring old homes. The house has an updated kitchen with granite counter tops, copper plumbing and metal roof. Laminate & title floors throughout. All appliances stay with the home including a commercial grade gas stove, refrigerator and washer/dryer. Home does not have working central air / heat and will require some electrical and cosmetic work. No flooding !

Investor Tools

Property Icon
$207,000
Estimated Property Value
$124,207Estimated Mortgage Balance
$82,793Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,242 /month
Positive
Cash Flow Estimate:
$414 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$404/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,818
$173,003
2025
$19,951
$153,052
$173,003
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,818
$173,003

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$135,000
No
First
Feb 4, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,207
$73,793
37%
60%
$810/mo

City: Wallis

5415 Commerce St | Property Details | No Agent List