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$199,500

5700 E State Highway 294, Elkhart, TX, 75839

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,120 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.13 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1

Exterior

Lot Size1.65 acres

Land Information

APN18332
SubdivisionWilliam R Wilson
Land UseResidential
Legal DescriptionA0066 WILSON, WILLIAM R BLOCK 237 TRACT 19
Census Tract951001
Assessed Land Value$22,069
Assessed Improvement Value$65,825
Assessment Year2025

About this property

Commercial, or residential flexibility on 1.65 unrestricted acres in Downtown Slocum! Strategically positioned in Southern Anderson County, this highly adaptable property boasts 261 feet of road frontage, making it the ultimate canvas for a combined home and business setup, a standalone commercial venture, or a private homestead. The main structure features a versatile layout that seamlessly transitions between residential comfort and professional utility. The interior offers a large, open living room ideal as a family hub or a customer reception - showroom area, 2 spacious bedrooms or offices, and 1 full bathroom. A generous, separate utility room provides the perfect footprint to double as a dedicated home office or administrative workspace. Outside, the property is framed by gorgeous, large, mature trees that offer excellent shade and classic East Texas curb appeal. Exterior improvements include a 12x30 tin workshop or storage building perfect for inventory, equipment, or hobbies, alongside an older chicken coop. The site enjoys excellent community anchoring, situated directly beside the local fire department and within a short walk to Slocum ISD schools, ensuring consistent local visibility. Buyers can take advantage of tailored purchasing options designed to fit their specific vision. The seller is willing to complete ongoing repairs and final renovations, allowing the buyer to have collaborative input on final selections and finishes within reason to perfectly suit their living or business requirements. Alternatively, buyers can capitalize on a lower entry point by purchasing the property in its current as-is state, allowing them to manage touch-ups on their own timeline and budget. The owner is also open to considering splitting the 1.65-acre parcel to accommodate smaller footprint needs. If you are looking to launch a high-visibility business or establish an unrestricted homestead, this property dynamically adapts to your goals. Schedule your showing today!

Investor Tools

$0Estimated Mortgage Balance
$136,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,197 /month
Positive
Cash Flow Estimate:
$399 /month

Interested in this property?

Robert Clayton

Whitetail Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$160/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,237
$87,894
2025
$22,069
$65,825
$87,894
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,237
$87,894

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$136,000
100%
0%
$0/mo

City: Elkhart

5700 E State Highway 294 | Property Details | No Agent List