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$80,000

1513 Farm Road 3236, Sulphur Springs, TX, 75482

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$53.76 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Cooktop, Electric Oven

Exterior

Lot Size1 acre

Building Information

Year Built1960

Land Information

APNR000025326
SubdivisionKeller John F Survey A-
Land UseResidential
Legal DescriptionACRES: 1.000 ABS: 534 TR: 4-06 SUR: KELLER JOHN F
Census Tract950301
Assessed Land Value$32,400
Assessed Improvement Value$49,480
Assessment Year2025

About this property

INVESTOR SPECIAL with endless potential! Sitting on a full acre surrounded by beautiful farmland, this 1960-built home offers 1,488 square feet with 2 bedrooms and 1 bathroom—and is ready for someone with vision to bring it back to life. Situated on a beautiful one-acre country setting with mature trees providing plenty of shade, this property offers the peaceful feel of country living while still giving you easy access to town. The peaceful property provides room to spread out, enjoy the country atmosphere, add outdoor living space, a garden, workshop, or simply take in the open views. With generous road frontage, co-op water, an existing septic system already in place, a new roof installed approximately three years ago giving you a great head start on the renovation. Whether you're looking for your next fix-and-flip, rental investment, renovation project, or a country property to make your own, this one has plenty of possibilities. The home is a true fixer-upper and will need renovation and is priced with the needed improvements in mind. Bring your contractor, your creativity, and your plans—properties with acreage and this much upside at this price point don't come along every day. Bring your contractor, your creativity, and your plans. At this price point, acreage this close to Sulphur Springs is hard to find. Property is being sold AS-IS. Seller will make no repairs. Great location. One acre. Newer roof. Tons of potential. Investors, don't sleep on this one!

Investor Tools

$55,507Estimated Mortgage Balance
$588,493Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,864 /month
Positive
Cash Flow Estimate:
$1,288 /month

Interested in this property?

Sarah Howell

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$331
$81,880
2025
$32,400
$49,480
$81,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$331
$81,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank
Purchase Money Mortgage
$59,250
No
First
May 5, 2023
May 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,507
$588,493
91%
9%
$356/mo

City: Sulphur Springs