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$176,010

NAL Estimated Property Value

101 Smith Street, Bonham, TX, 75418

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths998 Sq Ft
price_per_sqft$59.12 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesOther
FlooringOther

Exterior

Lot Size1.50 acres

Building Information

Year Built1920
Garage Spaces2

Land Information

APN70803
Land UseResidential
Legal DescriptionA0064 R BOGART, ACRES 1.5, CONTRACT
Census Tract950600
Assessed Land Value$88,210
Assessed Improvement Value$87,800
Assessment Year2025

About this property

Unique opportunity on approximately 1.5 acres at the end of a quiet dead end road in Bonham, Texas. Surrounded by mature trees and offering a peaceful setting, this property is ideal for buyers seeking a future homesite, investment opportunity, or place to build. The property includes two existing shops, with the larger shop already equipped with electricity, providing immediate utility for storage, workshop space, or future projects. The acreage offers plenty of room for a new construction project while maintaining privacy and a country feel. Please note that no interior access to the home will be provided. The existing house is considered a full remodel or potential tear down, with the primary value being in the land, location, and improvements already in place. Personal items on lot will be removed prior to closing. A portion of the property is located within a flood zone. Buyers are encouraged to perform all desired due diligence regarding floodplain, utilities, zoning, building requirements, and future use. If you're looking for acreage, mature trees, existing shop space, and a great building site opportunity in Bonham, this property deserves a look.

Investor Tools

Property Icon
$176,010
Estimated Property Value
$901Estimated Mortgage Balance
$175,109Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,056 /month
Positive
Cash Flow Estimate:
$352 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,698
$176,010
2025
$88,210
$87,800
$176,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,698
$176,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fannin Bank
Conventional
$1,000
No
First
May 4, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$901
$175,109
99%
1%
$6/mo

City: Bonham

101 Smith Street | Property Details | No Agent List