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$320,000

201 S Cates Street, Decatur, TX, 76234

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.13 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Vented Exhaust Fan
FlooringCarpet, Luxury Vinyl Plank

Exterior

Exterior FeaturesRain Gutters
Lot Size6,752 sqft

Building Information

Garage Spaces2

Land Information

APND0317.0158.01
Lot Number11-13
SubdivisionDc & Eo Cates Addition
Land UseResidential
Legal DescriptionLOT PT 11-13 BLK J DC & EO CATES ADDITION
Census Tract150201
Assessed Land Value$57,173
Assessment Year2025

About this property

Don't miss out on the opportunity to own this beautifully crafted new construction home located in the heart of downtown Decatur. Estimated completion date is late October. This open-concept floorplan features 9 foot ceilings on the first floor, crown molding, floor outlets in the living room, flat-screen wiring, luxury vinyl plank flooring with carpet in the bedrooms, ceiling fans in all bedrooms and living room, a convenient first-floor powder bath, and a mud bench. The kitchen offers quartz countertops, 42 inch upper cabinets with soft close hinges, tile backsplash, vented exhaust fan above stove, and a Whirlpool appliance package including a range with air fryer and convection capabilities. Upstairs you’ll find spacious bedrooms with large closets, full bathroom with quartz countertop, 4 additional storage and linen closets, a convenient spacious laundry room, and a primary suite featuring a bathroom with dual sinks, quartz countertop, and a large walk-in closet. Built with energy efficiency in mind, this home includes LED lighting throughout, R-20 foam insulation in 2x6 exterior walls instead of 2x4, 20 inches of R-49 attic insulation, low-E windows, and a high efficiency 3 ton Daikin FIT HVAC system with variable-speed technology, humidity control, and a smart thermostat. The roof has 30 year architectural composition shingles. Enjoy outdoor living with covered front and back porches and a fully fenced backyard. As an added bonus, the home has an extended garage equipped with a built-in work bench with shelving, and 4 additional electrical outlets. This property is located in a USDA eligible area, giving qualified buyers the opportunity to purchase with no down payment! Contact the listing agent for preferred lender information and any incentives. Professional photos to come as it gets closer to completion.

Investor Tools

$268,827Estimated Mortgage Balance
$1,356,173Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,750 /month
Positive
Cash Flow Estimate:
$3,250 /month

Interested in this property?

Monica Spence

Spence Real Estate Group LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$739/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$737
$57,173
2025
$57,173
N/A
$57,173
No

Tax History

Year
Tax Paid
Assessed Value
2024
$737
$57,173

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Bank Na
Commercial
$269,605
No
First
Jul 21, 2026
Jul 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,827
$1,356,173
83%
17%
$1,617/mo

City: Decatur

201 S Cates Street | Property Details | No Agent List