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$699,000

115 N 1st Street, Midlothian, TX, 76065

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,038 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.09 / sqft
Year BuiltBuilt in 1902

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Softener
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesGas Grill, Lighting, Outdoor Grill, Private Yard, Storage
Lot Size19,602 sqft

Building Information

Year Built1902
Stories2
Roof Type105
Garage Spaces5

Land Information

APN54.1283.000.007.00.108
SubdivisionR M Wyatt
Land UseResidential
Legal Description1283 R M WYATT 0.45 AC
Census Tract060702
Assessed Land Value$100,000
Assessed Improvement Value$327,523
Assessment Year2025

About this property

Fully remodeled in 2022, this rare property blends timeless character with modern updates just minutes from downtown and Kimmel Park.Historic 1902 Craftsman Farmhouse on Half Acre with 6-Car Garage in Midlothian ISD. Stunning farmhouse kitchen, multiple living spaces, and expansive outdoor living make this home ideal for entertaining and everyday comfort. in 2022, this home blends historic charm with modern updates.Stunning updated farmhouse kitchen featuring quartz countertops, fireclay farmhouse sink, walk-in pantry, dual gas ranges, stainless steel appliances, designer tile, custom cedar vent hood, and breakfast bar -ideal for entertaining. Spacious floor plan with multiple living areas, formal dining room, flex space or home office, and large primary suite. Original refinished hardwood floors upstairs and hardwoods throughout, plus new windows (2022), updated lighting, plumbing fixtures, ceiling fans, and neutral designer paint. Luxury primary bathroom remodel includes custom walk-in shower, dual vanities, designer tile, and upgraded fixtures. Secondary bath features clawfoot tub, double vanity, and tile flooring. Oversized powder bath with antique vanity and designer finishes. Outdoor living shines with extended patio, built-in gas grill, large backyard, and room to play—perfect for enjoying Texas sunsets. Rare 6-car detached metal garage, workshop with loft storage—ideal for hobbyists, car collectors, or business use. Major updates include roof (2022), windows (2022), exterior paint (2022), cedar fence (2021), tankless water heater, and water softener. Located in highly rated Midlothian ISD, close to parks, dining, and shopping. A true historic home with modern upgrades.

Investor Tools

$170,838Estimated Mortgage Balance
$547,162Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,308 /month
Positive
Cash Flow Estimate:
$1,436 /month

Interested in this property?

Linda Olson

Better Homes & Gardens, Winans

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$855/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,672
$427,523
2025
$100,000
$327,523
$427,523
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,672
$427,523

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$185,000
No
First
May 18, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,838
$547,162
76%
24%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$1,110/mo
+$1,520/mo
4.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Midlothian

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