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$246,000

NAL Estimated Property Value

108 Spears Lane, Wills Point, TX, 75169

$255,342 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,138 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$81.85 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesLighting
Lot Size10,890 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN084.5610.0001.0002.0100
Lot Number2
Land UseResidential
Legal DescriptionACRES: 0.250 BLK: 1 LOT: PT 2 ADDN: SPEARS
Census Tract950500
Assessed Land Value$25,250
Assessed Improvement Value$176,750
Assessment Year2025

About this property

Wide open and spacious! This sprawling home sits on over a third of an acre lot on a quiet cul-de-sac with mature live oak trees in walking distance to schools and parks! Features include a new roof and hot water heater, new gas logs in fireplace, along with a central vac, new wood laminate flooring, new door locks, built in cabinetry, automatic lights in all closets, under-eave lighting around the house, a covered patio, a landscaped yard, and a wide open field behind the house that won't be built on, so you get a great view and more privacy!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$161,552Estimated Mortgage Balance
$84,448Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$255,341
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,524
$202,000
2025
$25,250
$176,750
$202,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,524
$202,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Fha
$173,302
Yes
First
Nov 15, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$161,552
$84,448
34%
66%
$1,109/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: Wills Point

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108 Spears Lane | Property Details | No Agent List