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$149,000

203 Hill St, Farmersville, TX, 75442

$193,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths3,056 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$48.76 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListARV FlipAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available

Exterior

Lot Size18,997 sqft

Building Information

Year Built1967
Stories1
Garage Spaces2

Land Information

APNR-1066-002-001A-1
Lot Number1A
SubdivisionRike Addition
Land UseResidential
Legal DescriptionRIKE ADDITION, BLK 2, LOT 1A
Census Tract031101
Assessed Land Value$101,056
Assessed Improvement Value$92,083
Assessment Year2026

About this property

203 Hill Street presents a rare opportunity to take more than 3,000 square feet and shape it around your own vision—whether creating a personalized home near historic downtown Farmersville or completing a value-add renovation for resale. Offering approximately 3,056 square feet on a .44-acre lot just a block from downtown, the interior has been stripped to the framing, providing visibility into existing conditions and a clean starting point for renovation. The pier-and-beam construction adds flexibility for changes to plumbing, electrical and the overall floor plan. Reimagine the layout, add or reposition bedrooms and bathrooms, create larger gathering spaces, or design the finished home around the way you want to live—or the demands of the resale market. The brick exterior and metal roof both appear to be in good condition, potentially preserving two significant components when evaluating renovation scope and cost. The property is priced with the renovation in mind, creating an opportunity for equity capture through thoughtful improvements. The .44-acre lot with mature trees adds outdoor space, while the location near historic downtown Farmersville provides convenient access to local amenities and US-380. The Chaparral Trail corridor runs behind the property, adding proximity to Farmersville's recreational trail system and the larger Northeast Texas Trail network for walking, running, and biking. Buyer or buyer's agent to verify all information, including but not limited to measurements, schools, taxes, restrictions, property condition, and trail location or access.

Investor Tools

$375,495Estimated Mortgage Balance
$304,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$193,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

Interested in this property?

David Russell

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,855
$193,139
2026
$101,056
$92,083
$193,139
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,855
$193,139

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Double Backflip Llc
Commercial
$396,000
No
First
Dec 28, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$375,495
N/A
0%
124%
$2,375/mo

City: Farmersville

203 Hill St | Property Details | No Agent List