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Days32Days on Market
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$229,000

$259,900

1007 N Center St, Bonham, TX, 75418

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,304 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.39 / sqft
Year BuiltBuilt in 1924

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesElectric Range
FlooringCarpet, Hardwood, Vinyl

Exterior

Exterior FeaturesDeck
Lot Size15,002 sqft

Building Information

Year Built1900

Land Information

APN92481
Lot Number14
Land UseResidential
Legal DescriptionO M KENNEDY ADDN, BLOCK 3, LOT 14
Census Tract950401
Assessed Land Value$90,010
Assessed Improvement Value$227,510
Assessment Year2025

About this property

Investment opportunity! Charming 1924 Colonial home located in the heart of downtown Bonham close to courthouse square show casing timeless architecture of downtown Bonham. Brick exterior with hardy siding and large covered front and back porches. Guest house in back yard with full bathroom, and large storage shed with electricity. Interior features 2 large living areas, 3 large bedrooms, large kitchen, utility room, 2.5 baths, 4 fireplaces, one in main bedroom, one in second bedroom, one in front living room, and one in second living area. Throughout the home it still has all original doors with original hardware. Crown moulding trim is featured in all rooms of home with decorative lighting. The home does need TLC and cosmetic work on interior and exterior but structure appears solid. Newer electrical, plumbing totally replaced in 2023 to include all exterior plumbing to street. Property has potential to be rezoned mixed use. House is in area where commercial properties are located. Currently zoned residential. Document on Economic incentives for Center Street in documents. All information is approximate. Buyer and buyers agent to verify all information.

Investor Tools

$33,493Estimated Mortgage Balance
$284,425Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,905 /month
Positive
Cash Flow Estimate:
$635 /month

Interested in this property?

Kathy Hobbs

Exit Realty Pinnacle Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,449
$317,520
2025
$90,010
$227,510
$317,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,449
$317,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Unknown
$65,000
No
First
Aug 27, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,493
$284,027
89%
11%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Bonham

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1007 N Center St | Property Details | No Agent List