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$195,000

506 W 7th Street, Bonham, TX, 75418

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,274 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.06 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesDeck, Lighting
Lot Size7,349 sqft

Building Information

Year Built1930

Land Information

APN93984
Land UseResidential
Legal DescriptionWILLIAMS ADDN, BLOCK PT OF 32
Census Tract950401
Assessed Land Value$30,500
Assessed Improvement Value$69,060
Assessment Year2025

About this property

Fully Renovated 3BD-2BA Gem Near Historic Downtown Bonham – Like-New Construction! Experience the worry-free lifestyle of modern construction paired with the charm of living near historic downtown Bonham. Recently rebuilt from the studs up, this 3-bedroom, 2-bathroom home offers complete peace of mind with brand-new essential systems, including a new HVAC system, updated electrical service, new hot water heater, fresh interior and exterior paint, and stylish vinyl plank wood flooring and blinds throughout. The windows were replaced in 2024. As you step inside, you are greeted with an open, sunlit floor plan. At the heart of the home is the contemporary kitchen with shaker-style cabinetry, sleek granite countertops, and a new electric range and dishwasher. The new refrigerator and microwave will remain. Both bathrooms feature new vanities and new shower-tub enclosures. Outside, enjoy a spacious backyard equipped with a new privacy fence, a large storage shed (6x10) – perfect for a workshop or just extra storage – and a beautiful deck (14x11) that is perfect for entertaining or just enjoying your morning coffee! The home also has a 12x21 carport. Minutes from Bonhams local dining, shopping, and the town square, this turnkey property is low maintenance and ready for its new owners. Schedule your private showing today before its gone!

Investor Tools

$0Estimated Mortgage Balance
$145,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,027
$99,560
2025
$30,500
$69,060
$99,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,027
$99,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$145,000
100%
0%
$0/mo

City: Bonham

506 W 7th Street | Property Details | No Agent List