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$538,000

NAL Estimated Property Value

1550 Fm 118 Spur, Greenville, TX, 75401

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,494 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.34 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Gas Cooktop, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5 acres

Building Information

Year Built2006
Stories2
Garage Spaces5

Land Information

APN0870-0680-0020-40
SubdivisionRoberts John Sr
Land UseResidential
Legal DescriptionA0870 ROBERTS JOHN SR,TRACT 68-2, ACRES 5.0
Census Tract960400
Assessed Land Value$5,950
Assessed Improvement Value$374,510
Assessment Year2025

About this property

MOTIVATED SELLER!! Amazing custom ranch style home situated on 5 private acres and is AG exempt! This home has a large open flrplan with vaulted ceilings. Custom cabinets,extensive crown molding,wood and tile flooring throughout. Kitchen w newer appl,granite, 6 burner stove, 2 sinks and island w breakfast bar. Large master suite down. Upstairs w 2 BR's ea with their own bath and walk in closet, and gmrm or study w built ins. This property has a 40x40 insulated workshop w elect,OH rolling door,and attached room w shower, sink, and W-D hookup. Also includes an RV barn,2 car covered parking,covered front and back patios,fully fenced and cross fenced,metal roof,and concrete drive. A MUST SEE!!

Investor Tools

Property Icon
$538,000
Estimated Property Value
$283,094Estimated Mortgage Balance
$254,906Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,228 /month
Positive
Cash Flow Estimate:
$1,076 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$643/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,024
$380,460
2025
$5,950
$374,510
$430,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,024
$380,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Open End Mortgage / Open End With Future Advance Clause
$303,800
No
First
Sep 15, 2022
Sep 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,094
$254,906
47%
53%
$1,822/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: Greenville

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1550 Fm 118 Spur | Property Details | No Agent List