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$400,000

614 W 1st Street, Freeport, TX, 77541

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.82 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3

Exterior

Lot Size7,013 sqft

Building Information

Year Built1950
Stories1
Roof Type105

Land Information

APN4349-0000-003
Lot Number3
SubdivisionGlc Sd
Land UseResidential
Legal DescriptionGLC SD (A0031 SF AUSTIN) (FREEPORT) LOT 3 ACRES 0.161
Census Tract664300
Assessed Land Value$29,460
Assessed Improvement Value$193,200
Assessment Year2025

About this property

These two homes are right on the river in Freeport. The smaller home is 1/1, and the larger is a 2/2. Both are rented with leases. The lot includes the land to the river. Great opportunity. The subdivision has a private drive and they are restricted from renting short term. Please call at least a day ahead for showing. I should be getting pictures of the interior up soon.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$0Estimated Mortgage Balance
$309,060Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Suzan Zachariah

The Local Agents Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$517/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,222
$222,660
2025
$29,460
$193,200
$222,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,222
$222,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Salim Zabana
Unknown
$107,200
No
First
May 9, 2017
Jun 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,940
$309,060
78%
22%
$643/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: Freeport

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614 W 1st Street | Property Details | No Agent List