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$169,500

$209,999

1231 Oak Dr, Denison, TX, 75020

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,379 Sq Ft
price_per_sqft$122.92 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesOther

Exterior

Lot Size32,670 sqft

Building Information

Year Built1950
Garage Spaces2

Land Information

APND005 0041005
SubdivisionAlexander L C A-G0041
Land UseResidential
Legal DescriptionG-0041 ALEXANDER L C A-G0041, ACRES .75
Census Tract000400
Assessed Land Value$134,600
Assessed Improvement Value$208,935
Assessment Year2025

About this property

MOTIVATED SELLERS, ALL OFFERS WELCOME! SOLAR LOAN AVAILABLE FOR BUYER ASSUMPTION! Welcome to 1231 Oak Dr in Denison, TX! Situated on a HUGE .75-acre lot, this property offers an incredible opportunity for a buyer looking for space, versatility, and the ability to add value over time. The property already features a shop and separate storage shed, with plenty of additional room for equipment, trailers, outdoor projects, or even a larger future shop. Lots with this much usable space are increasingly difficult to find, especially with improvements already in place. Inside, the home offers a spacious open floorplan with multiple bedrooms and plenty of potential. The home would benefit from cosmetic updating and has an older HVAC system, giving the next owner an opportunity to make improvements and personalize the property to their taste. Another major benefit is the existing solar panel system, helping provide LOW ENERGY BILLS and long-term energy savings. The solar panels are currently financed through GoodLeap Financial. A qualified buyer may assume the existing solar loan, subject to GoodLeap approval and loan terms, or the buyer may elect to pay off the remaining balance. Conveniently located in Denison with easy access to shopping, dining, and major roadways, this property combines a large lot, existing shop, solar energy savings, and significant potential at an attractive value. The sellers are motivated and ready to make a deal. ALL OFFERS ARE WELCOME! Come see the opportunity at 1231 Oak Dr. SOLAR PANELS WILL NOT BE PAID OFF AT CLOSING BY SELLER. Choose what works best for you! Add the solar balance to the home's asking price, or assume the loan. Balance is about $53,000. Payments are around $250 per month. Provider is GoodLeap.

Investor Tools

$148,831Estimated Mortgage Balance
$130,477Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,672 /month
Positive
Cash Flow Estimate:
$557 /month

Interested in this property?

Spencer McDuffy

MKT Realty Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,647
$278,749
2025
$134,600
$208,935
$343,535
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,647
$278,749

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$162,368
Yes
First
Jan 26, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,831
$129,918
46%
53%
$974/mo

City: Denison

1231 Oak Dr | Property Details | No Agent List