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NoAgentList RatingHow are grades calculated?Info
Days155Days on Market
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$70,000

1201 Market St W, Honey Grove, TX, 75446

$88,689 ARVInfo
On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,407 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$49.75 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Gas Range
FlooringNone, Other

Exterior

Lot Size10,877 sqft

Building Information

Year Built1940

Land Information

APN74946
Land UseResidential
Legal DescriptionA0348 S ERWIN, ACRES 0.2497
Census Tract950100
Assessed Land Value$13,820
Assessed Improvement Value$45,350
Assessment Year2025

About this property

ENDLESS POSSIBILITIES await with this unique Honey Grove property featuring two parcels totaling approximately 0.58 acres. The property includes a home situated on approximately 0.24 acres plus an additional 0.34-acre lot, offering room to expand, build, or simply enjoy the extra space. The parcels may be separated in the future, subject to buyer verification and local requirements. If a new survey is required, it will be at the buyer’s expense. The home is being sold AS-IS and will need repairs and TLC, making it a great opportunity for someone ready to bring it back to life. The previous tenant recently occupied the home, and both the central heat and air conditioning are operational. A 20’ x 21’ metal workshop behind the home provides excellent space for storage, hobbies, or projects. The real value is the flexibility this property offers. The list price is supported by the home and approximately 0.24-acre homesite alone, while the adjoining 0.34-acre lot is included, creating additional possibilities for the future. Whether you’re looking for extra space, a workshop, or room to grow, this property offers outstanding potential Conveniently located just minutes from Bois d’Arc Lake and within easy driving distance of Ralph Hall Lake, this property offers access to fishing, boating, recreation, and the continued growth taking place throughout the area.

Investor Tools

$0Estimated Mortgage Balance
$84,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$88,688
Rent-to-Value Ratio: 0.72%
Rent Estimate
$504 /month
Positive
Cash Flow Estimate:
$168 /month

Interested in this property?

Robbie Robertson

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$71/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$437
$59,170
2025
$13,820
$45,350
$59,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$437
$59,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$130,000
100%
0%
$0/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: Honey Grove

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1201 Market St W | Property Details | No Agent List