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$240,000

701 Slocum Way, Princeton, TX, 75407

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,262 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.17 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Dishwasher, Disposal, Washer

Exterior

Lot Size5,179 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-12082-00G-0230-1
Lot Number23
SubdivisionBridgewater Phase 1b (Gcn)
Land UseResidential
Legal DescriptionBRIDGEWATER PHASE 1B (GCN), BLK G, LOT 23
Census Tract031008
Assessed Land Value$80,000
Assessed Improvement Value$128,561
Assessment Year2026

About this property

Rare opportunity to assume FHA loan at 3.375%!!! Welcome home to 701 Slocum Way in Princeton, TX! Built in 2020, this inviting single-story home offers 3 bedrooms, 2 full bathrooms, and approximately 1,262 square feet of comfortable living space located on a corner lot with ample outside living space. With a practical layout and a welcoming feel, this home is an excellent opportunity for buyers seeking modern construction and everyday convenience. Located in the Bridgewater community, residents can enjoy a variety of neighborhood amenities and convenient access to Lake Lavon, shopping, dining, and major roadways connecting to the surrounding North Texas area. Whether you're a first-time homebuyer, looking to downsize, or searching for your next investment opportunity, this home offers a wonderful opportunity to enjoy all that Princeton has to offer. Don't miss your chance to make this home your own!

Investor Tools

$164,725Estimated Mortgage Balance
$58,275Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Max Gibbs

Northtex Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,244
$208,561
2026
$80,000
$128,561
$208,561
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,244
$208,561

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eagle Home Mortgage Llc
Fha
$186,557
Yes
First
Oct 27, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,725
$58,275
26%
74%
$1,119/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,619/mo
+$1,191/mo
15.1%

City: Princeton

701 Slocum Way | Property Details | No Agent List