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$125,000

600 Lakeview Loop, Somerville, TX, 77879

$162,500 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,560 Sq Ft
price_per_sqft$80.13 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher

Exterior

Lot Size18,474 sqft

Building Information

Year Built2015

Land Information

APNR23472
Lot Number119-121
Land UseResidential
Legal DescriptionS2502 SOMERVILLE PLACE LOT 119-121, .4241 ACRES SN# CSS016769TXA HUD# HWC0442561
Census Tract970501
Assessed Land Value$49,534
Assessed Improvement Value$144,705
Assessment Year2025

About this property

Nestled on a 0.47-acre lot in the Lake Somerville area, this REO offers an excellent opportunity for homeowners, investors, or those looking for a weekend getaway. The 1,594-square-foot manufactured home features a desirable split-bedroom floor plan with 3 bedrooms and 2 full bathrooms, providing privacy and functionality for family and guests alike. Inside, you'll find a comfortable living area, a spacious kitchen with adjoining dining space, and a convenient indoor laundry room. The primary suite is separated from the secondary bedrooms and includes a private bath, while the additional bedrooms share a full hall bathroom. Step outside to the covered back porch, where you can relax and enjoy peaceful lake views—the perfect spot for your morning coffee or evening sunsets. The property is serviced by Undine Water Supply and a septic system. A 584-square-foot barn/storage building provides ample space for equipment, tools, recreational gear, or workshop use.

Investor Tools

$74,812Estimated Mortgage Balance
$119,427Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$162,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,165 /month
Positive
Cash Flow Estimate:
$388 /month

Interested in this property?

Tanya Schindler

South Central Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$111/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$356
$194,239
2025
$49,534
$144,705
$194,239
No

Tax History

Year
Tax Paid
Assessed Value
2025
$356
$194,239

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Stage Funding Llc
Building Or Construction Loan
$97,100
No
First
Nov 18, 2015
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,812
$119,427
61%
39%
$583/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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600 Lakeview Loop | Property Details | No Agent List