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$425,000

$449,900

1203 N Spring St, Grand Saline, TX, 75140

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,783 Sq Ft
price_per_sqft$152.71 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Exterior FeaturesRain Gutters
Lot Size4.96 acres

Building Information

Year Built1980
Garage Spaces2

Land Information

APN044.3730.0009.0000.1300
Lot Number38
Land UseResidential
Legal DescriptionACRES: 4.956 RBLK: 9 LOT:38 ADDN: WALDRIPS MAP - COMBINED WITH R14758
Census Tract950200
Assessed Land Value$151,710
Assessed Improvement Value$275,924
Assessment Year2025

About this property

Tucked away on approximately 5 acres right in the heart of Grand Saline sits one of the most unexpected properties on the market. This 3 bedroom, 2.5 bath home offers the kind of setting that’s hard to find… a private pond, huge scattered trees, wide open green space, and room to breathe while still being just minutes from downtown, Hwy 80, and walking distance to all school campuses. Inside, the home is full of character with massive wood beams, stone fireplaces, oversized living spaces, and views of the water from multiple areas of the property. The layout offers flexibility for everyday living, entertaining, or simply enjoying the peaceful setting. Over the last several years, the sellers have completed extensive updates including two new 16-ton HVAC systems, new interior and exterior paint, updated electrical and wiring, thermoregulated windows, new gutter and French drain systems, concrete driveway and patio work, refurbished wood cabinetry, shower conversion, flooring updates, and more. The property also includes a pond aerator system, mature trees and landscaping, fruit and nut trees, and a long list of thoughtful improvements that reflect the care and investment that have gone into maintaining the home. The deep private pond creates a beautiful focal point for the property, and the land sits above the renowned Carrizo-Wilcox Aquifer. For those needing accessibility to larger metro areas, the property is also conveniently commutable to the Dallas-Fort Worth area while still offering the peace and privacy of East Texas living. Properties with acreage, water, and this much privacy inside city limits rarely come available in Grand Saline. Just 20 minutes to Canton, in the heart of Van Zandt County in East Texas, This is the kind of property people drive by and wonder about for years, and it finally has a for sale sign in the yard. Schedule your private showing and come experience it for yourself.

Investor Tools

$235,040Estimated Mortgage Balance
$229,847Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,784 /month
Positive
Cash Flow Estimate:
$928 /month

Interested in this property?

Laura Hooker

Leslie Cain Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$765/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,857
$427,634
2025
$151,710
$275,924
$427,634
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,857
$427,634

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$256,900
No
First
Dec 17, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,040
$192,594
45%
51%
$1,541/mo

City: Grand Saline