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$150,000

1231 W Bishop St, Weatherford, TX, 76086

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$312.5 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesGas Range, Microwave, Refrigerator
FlooringVinyl

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APN15220-035-011-00
Lot Number11
SubdivisionMineral Heights
Land UseResidential
Legal DescriptionLOT: 11 BLK: 35 SUBD: MINERAL HEIGHTS
Census Tract140300
Assessed Land Value$50,000
Assessed Improvement Value$82,520
Assessment Year2025

About this property

Charming and move-in ready in the heart of Weatherford! This recently renovated 1-bedroom, 1-bath home at 1231 W Bishop Street offers updated comfort on a spacious lot with room to grow. Inside, you’ll find fresh paint throughout, updated flooring, and stylish new bathroom fixtures that give the home a clean, modern feel while maintaining its cozy character. The living area is bright and welcoming with abundant natural light, updated finishes, and easy-care flooring. The kitchen features classic cabinetry with great storage and a functional layout, perfect for everyday living. The bathroom has been refreshed with updated fixtures and a crisp, clean design. The bedroom offers comfortable space along with unique rustic touches, including a sliding barn door detail that adds warmth and charm. A dedicated storage area provides additional functionality. Step outside to a large backyard with mature trees and a detached outbuilding, offering flexibility for storage, hobbies, or future possibilities. The generous lot provides ample space for outdoor entertaining, gardening, or expansion. Located within walking distance to Love Street Park with its fishing pond, splash pad, and pavilion, and just minutes from Weatherford’s historic downtown, shopping, dining, and convenient highway access, this property is ideal for a first-time homebuyer, someone looking to downsize, or an investor seeking a turnkey rental opportunity. Affordable, updated, and centrally located — this is one you don’t want to miss.

Investor Tools

Property Icon
$148,000
Estimated Property Value
$68,000Estimated Mortgage Balance
$81,299Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$132,520
2025
$50,000
$82,520
$132,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$132,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Lending Inc
Conventional
$68,000
No
First
Apr 18, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$66,701
$81,299
54%
45%
$408/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: Weatherford

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