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$109,990

507 Correll Ave, Wharton, TX, 77488

$142,987 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,512 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$72.74 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringLaminate

Exterior

Lot Size13,203 sqft

Building Information

Year Built1970

Land Information

APN25566
Lot Number8,9
SubdivisionWashington Homes
Land UseResidential
Legal DescriptionWASHINGTON HOMES BLOCK 5 LOT 8,9
Census Tract740400
Assessed Land Value$19,803
Assessed Improvement Value$131,395
Assessment Year2025

About this property

Investor and handyman special in the heart of Wharton! This 3-bedroom, 2 bath single-family home offers 1,176 sqft of living space on a generous 0.3-acre lot — plenty of room to spread out, add on, or bring your outdoor projects. Built in 1970, the home features a functional layout, covered carport parking, and a large yard with mature setting. Being sold strictly AS-IS — seller will make no repairs, so bring your vision and your contractor. Priced to move for a cash or hard-money buyer looking for a fix-and-flip, rental, or affordable homestead opportunity. Conveniently located near downtown Wharton, schools, and Hwy 59/I-69 for an easy commute toward Sugar Land and Houston. Homes on lots this size don't last long in this market — schedule your showing today. Buyer to verify all information including room sizes, schools, and utilities. No survey available; buyer to purchase new survey if required. Submit your highest and best!

Investor Tools

$0Estimated Mortgage Balance
$134,671Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$142,987
Rent-to-Value Ratio: 0.72%
Rent Estimate
$808 /month
Positive
Cash Flow Estimate:
$269 /month

Interested in this property?

Anthony Giglio

Top Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$147/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,096
$134,671
2025
$19,803
$131,395
$151,198
Yes (2019)

Tax History

Year
Tax Paid
Assessed Value
2025
$1,096
$134,671

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$134,671
100%
0%
$0/mo

City: Wharton

507 Correll Ave | Property Details | No Agent List