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$345,000

408 W Elm Street, Olney, TX, 76374

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths3,099 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.33 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDryer, Dishwasher, Disposal, Washer
FlooringCarpet, Hardwood, Terrazzo

Exterior

Lot Size9,100 sqft

Building Information

Year Built1936
Garage Spaces2

Land Information

APN9261
Lot Number4
Land UseResidential
Legal DescriptionGROVES 1ST - BLK 10, E 65 FT OF LOT 4
Census Tract950200
Assessed Land Value$6,140
Assessed Improvement Value$173,050
Assessment Year2025

About this property

Timeless character, generous living space, and exceptional potential define this distinctive 5-bedroom, 3-bath residence. Designed for both comfortable living and entertaining, the home offers an impressive collection of spacious rooms, quality original details, and an abundance of natural light. The generous living room is complemented by a formal dining room and a handsome den featuring travertine tile and fine wood paneling. A beautifully paneled private office provides an ideal space for working from home or enjoying a quiet retreat. Hardwood floors, extensive built-in storage, and walls of windows add warmth, character, and functionality throughout. The striking brick, rock, and wood exterior gives the home a distinctive architectural presence, while mature pine and pecan trees and beautifully established landscaping create an inviting setting. Outdoor amenities include a fenced backyard, patio, sprinkler system, and ample space for entertaining or simply enjoying the peaceful surroundings. Additional features include a utility room, two-car garage, separate storage room, and security system. Spacious and comfortable as it stands, this remarkable property also offers an exciting opportunity for a new owner to enhance its timeless original features with a personal vision. With its generous floor plan, mature grounds, distinctive craftsmanship, and enduring character, this is a rare opportunity to create an absolute showplace.

Investor Tools

$107,061Estimated Mortgage Balance
$84,939Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Daniel Stewart

TEAM LEGACY REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,629
$179,190
2025
$6,140
$173,050
$179,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,629
$179,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Conventional
$121,250
No
First
Oct 16, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,061
$84,939
44%
56%
$727/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,459/mo
$727/mo
+$732/mo
9.1%

City: Olney

408 W Elm Street | Property Details | No Agent List