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$314,000

NAL Estimated Property Value

115 Central Ave, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,966 Sq Ft
price_per_sqft$157.68 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Oven, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size25,583 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APNR-1058-006-0120-1
Lot Number12
SubdivisionHowell Addition (Cfc)
Land UseResidential
Legal DescriptionHOWELL ADDITION (CFC), BLK 6, LOT 12
Census Tract031101
Assessed Land Value$120,250
Assessed Improvement Value$143,567
Assessment Year2025

About this property

$10,000 in Closing Cost! Schedule a tour Today! Motivated Seller! Own a historic piece of Farmersville on a 1.01 Acre Lot! This charming three-bedroom, two-bathroom home is nestled in the heart of historical downtown Farmersville, Texas. Positioned on a desirable corner lot, this residence spans over one acre, offering both space and a sense of history. The home embodies the charm of Farmersville with its inviting front covered porch and an oversized deck that overlooks the lush back lawn. Features include architectural arched wall in living room, and oversized rooms, classic clawfoot tub, updated custom closet organization system, expansive front porch, large deck with garden views. With no HOA restrictions, you have the freedom to create your dream home on this 1.01-acre lot. Alternatively, you could construct an income-generating property on part of the land while still having plenty of space left. Seize the opportunity to own a piece of history with this oversized acre lot in North Texas. The property directly backs onto the historic Chaparral Trail, a notable walking trail that is part of a 133-mile stretch, passing through 7 counties and 16 communities from Farmersville to New Boston. As the fifth longest bike trail in the United States, it offers a unique recreational experience.

Investor Tools

Property Icon
$314,000
Estimated Property Value
$124,581Estimated Mortgage Balance
$189,419Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,884 /month
Positive
Cash Flow Estimate:
$628 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,227
$263,817
2025
$120,250
$143,567
$263,817
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,227
$263,817

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$139,100
No
First
Dec 28, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,581
$189,419
60%
40%
$834/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.

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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: Farmersville

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115 Central Ave | Property Details | No Agent List