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$225,000

305 Gaywood Ln, Somerville, TX, 77879

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths2 Bath
Baths1,189 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.23 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 2Bathrooms 2
AppliancesMultiple Water Heaters, Electric Water Heater

Exterior

Private PoolPrivate Pool
Lot Size16,744 sqft

Building Information

Year Built1985
Garage Spaces2

Land Information

APNR23173
Land UseResidential
Legal DescriptionS2501 BIRCH CREEK FOREST BLK 14 LOT 3/37 & 38, .3844 ACRES
Census Tract970501
Assessed Land Value$44,494
Assessed Improvement Value$102,354
Assessment Year2025

About this property

Welcome to 305 Gateway Lane in Somerville, Texas! Offering a unique combination of space, privacy, and versatility, this property consists of six lots totaling approximately 1.2635 acres and occupies most of the cul-de-sac. The 1,183-square-foot main home features 2 bedrooms and 1 bath and is complemented by a covered carport, detached two-car garage with its own bathroom, and a large storage shed providing plenty of room for tools, equipment, and additional storage. Located in a neighborhood adjacent to Birch Creek State Park at Lake Somerville, this property puts outdoor recreation practically at your doorstep. Enjoy convenient access to the lake, boating, fishing, hiking, camping, and everything the Lake Somerville area has to offer. With six lots and more than an acre, there’s plenty of room for boats, RVs, trailers, recreational equipment, or future improvements. The detached garage provides excellent workshop or hobby-space.

Investor Tools

$0Estimated Mortgage Balance
$218,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Bruce Middleton

Oro Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$319/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,736
$146,848
2025
$44,494
$102,354
$146,848
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,736
$146,848

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$218,000
100%
0%
$0/mo

City: Somerville

305 Gaywood Ln | Property Details | No Agent List