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$269,270

116 Salt Street, Montague, TX, 76251

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,584 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.58 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range

Exterior

Lot Size5.12 acres

Building Information

Garage Spaces2

Land Information

APNR000010998
SubdivisionMontague County Survey A-458 Etal
Land UseResidential
Legal DescriptionACRES: 5.120 AB 458 MONTAGUE CO SURVEY
Census Tract950600
Assessment Year2025

About this property

Welcome to Your Own Slice of Paradise- This cozy Craftsman style home sitting on 5.12scres is bursting with charm and character. Imagine lazy summer evenings spent on the delightful wrap around porch, the perfect spot for watching the sunset paint the sky or catching a glimpse of falling stars. The property features 3 bdrms filled with hardwood floors and nostalgia and 1 bath with claw footed full bathtub, extra bath and an additional space that will make your at home office the perfect location for quiet concentration. This inviting home will make you feel like you are on a permanent vacation. For guests or loved ones, the property includes a sweet mother-in-law suite that could double as a rental with 1 bdrm, 1 bath and a covered porch. Also included with this property is a shop that features roll up doors and an office-motorcycle room. The outside is the ideal retreat to enjoy the outdoors under the trees, walking through the pasture or whatever your imagination can fathom. It is just like summer camp all over again.

Investor Tools

Property Icon
$269,270
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,039 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$666
$269,270
2025
N/A
N/A
$330,490
No

Tax History

Year
Tax Paid
Assessed Value
2025
$666
$269,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
F & M Bank
Unknown
$290,700
No
First
Jan 30, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$567,658
N/A
0%
211%
$3,486/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: Montague

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116 Salt Street | Property Details | No Agent List