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$210,000

NAL Estimated Property Value

1116 Mcgrede Drive, Sulphur Springs, TX, 75482

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,368 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.2 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1972
Garage Spaces2

Land Information

APNR000006325
SubdivisionMeadowview
Land UseResidential
Legal DescriptionLOT: 4 BLK: 205 1 4 ADDN: MEADOWVIEW
Census Tract950600
Assessed Land Value$25,000
Assessed Improvement Value$144,550
Assessment Year2025

About this property

This affordable 3 BR 2 BTH brick home is tucked away on a quiet cul-de-sac lot in the Meadowview addition. The home offers an open concept living and dining area, separate utility room, full en-suite bathroom, and 2 car garage. The large fenced in backyard offers plenty of space for storage, entertaining family and friends, allowing pets to run, planting a garden, and more. Convenient location near I-30 makes for an easy commute. Centrally located and just minutes from downtown, shopping, restaurants, grocery stores, and schools. New roof in 2021. Seller is relocating and selling AS IS.

Investor Tools

Property Icon
$210,000
Estimated Property Value
$158,293Estimated Mortgage Balance
$51,707Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$135/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$568
$169,550
2025
$25,000
$144,550
$169,550
No

Tax History

Year
Tax Paid
Assessed Value
2025
$568
$169,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Fha
$171,731
Yes
First
Mar 9, 2022
Apr 2062

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,293
$51,707
24%
75%
$1,030/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: Sulphur Springs

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1116 Mcgrede Drive | Property Details | No Agent List