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$214,900

1501 College St, Sulphur Springs, TX, 75482

$279,370 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths3,070 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$70 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Cooktop
FlooringCarpet, Concrete, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size27,826 sqft

Building Information

Year Built1963

Land Information

APNR000007720
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLOT: 1 BLK: 222 1 2 ADDN: LAKE HIGHLANDS 110X160
Census Tract950500
Assessed Land Value$25,000
Assessed Improvement Value$128,760
Assessment Year2025

About this property

Mid-Century Classic Awaiting Your Vision: 3,070 SQ FT on a Corner Lot! Bring your contractor and your imagination to this sprawling 1963 Chicago brick mid-century ranch, waiting to be restored to the timeless classic it once was! Offering an incredible footprint, this 3-bedroom, 1.5-bathroom home boasts the solid bones, architectural character, and generous proportions that defined an era of craftsmanship. Situated on a premium corner lot within an established, tree-lined neighborhood, you are just minutes from local schools and a vibrant downtown. Space to Breathe and Entertain: The expansive floor plan offers unparalleled versatility with three distinct living areas. Step into the formal living and dining rooms, designed for grand-scale hosting. The heart of the daily home is a massive family room anchored by a majestic wood-burning fireplace—the perfect spot to gather on chilly evenings. Endless Potential: The back wing of the home features a massive flex room, an ideal canvas for an epic game room, a private media center, or a sprawling executive home office. The classic galley kitchen is ripe for transformation, offering a footprint that could easily be reimagined into a modern culinary masterpiece. Enjoy the benefits of a bygone era with deep setbacks, an established neighborhood feel, and the unbeatable convenience of being near downtown shopping, dining, and neighborhood schools. Whether you are an ambitious investor looking for your next flip or a savvy home buyer ready to design your forever dream home, this mid-century brick beauty offers the size, structure, and location to make it happen. Properties of this scale and character are rare—bring your design ideas and make it yours today!

Investor Tools

$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$279,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$725
$153,760
2025
$25,000
$128,760
$153,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$725
$153,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$419,000
100%
0%
$0/mo

City: Sulphur Springs