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$214,900

401 N Terry St, Malakoff, TX, 75148

$228,901 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths5 Bath
Baths1,834 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.18 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Hardwood, Laminate, Tile

Exterior

Exterior FeaturesStorage
Lot Size1 sqft

Building Information

Year Built1963
Roof Type105
Garage Spaces2

Land Information

APN3945-0002-0100-61
Lot Number10,20,L
SubdivisionRiddlesperger Addn (40)
Land UseResidential
Legal DescriptionLT 10 & 20 FT STRIP ON S AB 755 P TUMLINSON SUR, RIDDLESPERGER ADDN BLK 2, LT 10 & 20 FT STRIP ON S
Census Tract951000
Assessed Land Value$3,492
Assessed Improvement Value$102,439
Assessment Year2025

About this property

Coming Soon - Nestled in the heart of Malakoff, TX, a Cedar Creek Lake community, this charming property exudes vintage charm with a modern twist. Stepping inside, original hardwood floors grace the main living areas and 2 bedrooms, evoking a sense of timeless elegance. The 1960s vintage tile bathroom adds to the property's nostalgic allure, offering a glimpse into the past while providing modern comfort. Situated on two lots, the property offers endless potential for expansion, whether it be for a future home or an accessory dwelling unit (ADU). Its prime location on Hwy 198, across from the elementary school, and adjacent to a daycare, presents an exciting opportunity for a possible commercial venture catering to the needs of the ISD. With its proximity to historic downtown - this property serves as a gateway to the vibrant culture and lifestyle of Malakoff.

Investor Tools

$71,075Estimated Mortgage Balance
$334,925Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$228,901
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,696
$105,931
2025
$3,492
$102,439
$105,931
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,696
$105,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Commercial
$80,000
No
First
Dec 31, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$71,075
$334,925
82%
18%
$480/mo

City: Malakoff

401 N Terry St | Property Details | No Agent List