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B+
NoAgentList RatingHow are grades calculated? Info

$263,810

1718 Recreation Road 3, Bonham, TX, 75418

$278,825 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,904 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.69 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range, Microwave

Exterior

Exterior FeaturesStorage
Lot Size3.91 acres

Building Information

Year Built2001

Land Information

APN100464
Land UseResidential
Legal DescriptionA0218 WM COX, ACRES 3.912, LABEL# TXFL166A07278AV12
Census Tract950402
Assessed Land Value$129,410
Assessed Improvement Value$134,400
Assessment Year2025

About this property

Set on 3.9 beautifully maintained acres just minutes from Bonham State Park and Bonham Lake, this fully fenced property offers the perfect blend of country living and convenience. Ideally located near shopping, dining, and medical facilities in Bonham, with an easy commute—approximately 45 minutes to McKinney and 35 minutes to Sherman. The tree-lined acreage provides privacy and a peaceful setting, ready for horses or livestock. A spacious 38' x 35' pole barn with 13' height offers ample room for trailers, RVs, and equipment, and includes horse-livestock stalls. Additional improvements include an 18' x 20' carport and a 24' x 14' storage building. Outdoor living shines with a 25' x 12' covered back porch deck—perfect for entertaining or relaxing while taking in scenic views—plus an additional covered concrete patio and a charming 10' x 10' paver patio. Inside, the home features generously sized rooms, a cozy propane fireplace (just added last year), and French doors that open wide to the back deck, creating seamless indoor-outdoor living and inviting in the fresh country breeze. Septic system only two years old! Additional Notes: Seller will have the home leveled prior to closing. Swing and gas stove excluded (stove will be replaced). Other non-realty items available for purchase

Investor Tools

Property Icon
$263,810
Estimated Property Value
$0Estimated Mortgage Balance
$100,184Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$278,824
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,546
$263,810
2025
$129,410
$134,400
$263,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,546
$263,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$85,000
No
First
Apr 5, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,626
$100,184
37%
62%
$1,020/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: Bonham

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1718 Recreation Road 3 | Property Details | No Agent List