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$49,000

707 Fresno St, Plainview, TX, 79072

$63,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$36.46 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Oven, Gas Range

Exterior

Lot Size7,013 sqft

Land Information

APN10351
Lot Number5
Land UseResidential
Legal DescriptionALEX-WESTM PLV BLK 79 LOT 5
Census Tract950500
Assessed Land Value$2,250
Assessed Improvement Value$55,522
Assessment Year2025

About this property

A 3-bedroom, 2-bath Plainview home on a 50 x 140 lot, offered at $49,000. With 1,344 square feet of living space, the price works out to about $36 per square foot, a strong fit for an investor or for a buyer who wants to build equity through updates. A covered front porch with room for a couple of chairs opens to a living room with a ceiling fan and a big front window. It flows into a second living area that works well as a dining room, den or office. The kitchen runs along a long wall of cabinets and counter space with a gas range, dishwasher and double sink, and a built-in hutch adds storage. There's room for a breakfast table by the back windows. A central hallway leads to the three bedrooms, two of which have wood floors. Ceiling fans are in the living room, kitchen and all three bedrooms. The main bath has a tub and shower combination and a long vanity with a separate counter area. The second bath is partway through a repair, so a buyer can finish it with their own fixtures and tile. The lot is 140 feet deep with mature trees, a 480 sq ft detached carport and a separate storage building, so there's covered parking plus room for tools and outdoor gear. The home has wood siding and a composition roof. Heating and cooling are by wall and window units, which makes a central system one of the first upgrades worth pricing out, along with paint, flooring and the finishing work in the second bath. The location works for daily life. The house sits two blocks north of 5th Street (US 70) and a few blocks west of Columbia Street, close to restaurants, shopping and downtown Plainview, with Plainview High School about a mile away. Online rent estimates for this address run near $1,480 a month, so the numbers can work as a long-term rental after updates as well as a primary home. At this price, the purchase leaves room in the budget for the updates that add the most value.

Investor Tools

$18,936Estimated Mortgage Balance
$95,126Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$63,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$684 /month
Positive
Cash Flow Estimate:
$228 /month

Interested in this property?

Derek Smith

Deal Smith Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$690
$57,772
2025
$2,250
$55,522
$57,772
No

Tax History

Year
Tax Paid
Assessed Value
2025
$690
$57,772

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hale County State Bank
Unknown
$26,293
No
First
Apr 29, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$18,936
$95,064
83%
17%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
N/A
+$1,430/mo
15.1%

City: Plainview

707 Fresno St | Property Details | No Agent List