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$740,000

1011 W Washington St, Marfa, TX, 79843

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,165 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$341.8 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesGas Range, Dishwasher, Water Heater
FlooringTile, Hardwood, Other

Exterior

Lot Size1.51 acres

Building Information

Year Built1940

Land Information

APN233000000000021000000
Lot NumberB1 & C2
SubdivisionWest Heights
Land UseResidential
Legal DescriptionWEST HEIGHTS TRACT B1 & C2 & TR N/2 OF W &NW 1/8 OF X
Census Tract950100
Assessed Land Value$365,490
Assessed Improvement Value$276,050
Assessment Year2025

About this property

1011 W Washington Street is a discreet, low slung, modern dogtrot home on the NW edge of Marfa. Just across Washington street from miles of open ranch land, this home sits in the center of an acre and a half lot covered in native vegetation. The home's design joins a vernacular 1940's adobe home with a modern guest suite added in 2007 for the perfect stylistic marriage of 'old' and 'new' Marfa. A corrugated metal roof spans the home, unifying the structures w/ covered outdoor living and carport.

Investor Tools

Property Icon
$920,000
Estimated Property Value
$0Estimated Mortgage Balance
$920,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,520 /month
Positive
Cash Flow Estimate:
$1,840 /month

Interested in this property?

Lauren Meader Fowlkes

Kuper Sotheby's Int'l Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,428/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,538
$641,540
2025
$365,490
$276,050
$641,540
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,538
$641,540

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$920,000
100%
0%
$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: Marfa

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1011 W Washington St | Property Details | No Agent List