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$277,000

NAL Estimated Property Value

1220 W Main Street, Decatur, TX, 76234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,321 Sq Ft
price_per_sqft$193.04 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Cooktop, Electric Oven, Electric Range, Microwave, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size9,017 sqft

Building Information

Year Built2002
Stories1
Roof Type158
Garage Spaces2

Land Information

APND3601.0002.00
Lot Number2
SubdivisionWester Ridge Ph2
Land UseResidential
Legal DescriptionLOT 2 WESTER RIDGE PH2
Census Tract150202
Assessment Year2025

About this property

This 1,321 sq ft 3 bedroom and 2 bath home is a very nice well built brick starter home for a young family or a nice investment property. It was built in 2002 and is certainly perfect to start. It is easily accessible to numerous directions to all highways, but well off of them for privacy. It has a nice sized privacy fenced back yard and a new HVAC system and is ready for you to make it your own.

Investor Tools

Property Icon
$277,000
Estimated Property Value
$239,116Estimated Mortgage Balance
$37,884Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,253
$272,687
2025
N/A
N/A
$273,398
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,253
$272,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Va
$260,865
Yes
First
Dec 8, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,116
$37,884
13%
86%
$1,565/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: Decatur

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1220 W Main Street | Property Details | No Agent List