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$30,000

NAL Estimated Property Value

TBD Lantern Street, Somerville, TX, 77879

Off MarketInfo
Baths0 Bath

About this property

Fabulous group of three of lots ready for you to make your own inside the city limits of Somerville! These lots totaling approximately 0.24+/- acres are a great option for investors or individuals alike. With road frontage on two sides, access to city utilities with water, electric and sewer at the road this property is ready for development. Whether you seek to build and re-sell or build for yourself, this property has a lot to offer. Conveniently located approximately 16 miles to Brenham, 93 miles to Austin, 90 miles to Houston, 28 miles to Bryan/College Station and two miles to Welch Park at Lake Somerville. An additional group of lots is also available across the street. Mobile homes allowed if not older than 5 years old per city requirements. City utilities available on either road front but will need water and wastewater taps and meters. Electricity available through Entergy and gas through Atmos.

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0% equity
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

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

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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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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TBD Lantern Street | Property Details | No Agent List