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Owner Contacts

$262,421

NAL Estimated Property Value

1503 Evergreen St, Fresno, TX, 77545

Off Market

3 Beds

2 Bath

1,951 Sq Ft

$255.77 / sqft

Built in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesGas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringMarble, Vinyl

Exterior

Lot Size2.19 acres

Building Information

Year Built1984

Land Information

APN4600-00-110-1017-907

Lot Number1

SubdivisionMagnolia Place

Land UseResidential

Legal DescriptionMAGNOLIA PLACE, BLOCK 110 (E1/2), LOT 1 - 3, ACRES 2.1849, (E 1/2 N 1/2 S 1/2)

Census Tract670902

Assessed Land Value$297,295

Assessed Improvement Value$11,770

Assessment Year2025

About this property

UNRESTRICTED PROPERTY! Huge Price reduced on 8-13-2021!!! This is the perfect home on acreage in Fresno, Texas. Enjoy a spacious and well maintained home on a one acre lot (FBCAD 4600-00-110-1010-907) facing Evergreen. In addition, the owner is also selling 2.149 acres (FBCAD 4600-00-110-1017-907) behind the home. This is your chance to own over 3 acres with a home ready to become yours. This home has a spacious Primary Bedroom with a walk in bathroom and closet. Enjoy nice size secondary bedrooms and a sizeable washroom. The kitchen has a breakfast area along with a breakfast bar and formal dining area looking out to the front of the house. This home also has a amazing oversized patio looking out to the acreage in the back of the home. There is a temporary farm animal area and additional covered area on the 2.149 acres. The mobile home is not a part of this transaction. All measurements and access to utilities should be verified.

Investor Tools

$262,421

Estimated Property Value

$92,175Estimated Mortgage Balance

$170,246Estimated Equity

64% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,994 /month

Positive

Cash Flow Estimate:

$998 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$673/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,764

$262,421

2025

$297,295

$11,770

$309,065

Tax History

Year

Tax Paid

Assessed Value

2025

$6,764

$262,421

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Leocadio Gonzalez Etal

Seller Carryback / Seller Financing / Seller Take-Back

$100,000

First

Mar 30, 2022

May 2022

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$92,175

$170,246

64%

35%

$600/mo

Learn About the Market: Opportunity in Texas

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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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