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Owner Contacts

$225,000

1820 Franklin Ave, Bonham, TX, 75418

Off Market

3 Beds

3 Bath

1,693 Sq Ft

Single Family Residence

$135.85 / sqft

Built in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size9,365 sqft

Building Information

Year Built1940

Land Information

APN91593

Lot Number1

Land UseResidential

Legal DescriptionFAIRVIEW ADDN, BLOCK 19, LOT 1 & N PT OF 2

Census Tract950402

Assessed Land Value$35,680

Assessed Improvement Value$115,520

Assessment Year2025

About this property

EXCLUSIVE LENDER INCENTIVE! Adorable, fully remodeled 3-bedroom 3-bathroom home on a large corner lot! Mature neighborhood, in the heart of Bonham! Excellent curb appeal with mature trees. The property features a new fence with a large, gated entrance to the spacious backyard. More updates to the home include: Siding, roof, plumbing, gas pipes, water heater, electrical wiring, new fans and light fixtures, outlets, switches, insulation, dry wall, flooring: tile, carpet and LVP, central HVAC, 3 remodeled full bathrooms: toilets, bathtubs, granite sinks, new windows, interior doors, exterior and interior paint, extended front porch, remodeled kitchen with: white cabinets, granite counter tops, new fence, and foundation work with a transferable 3 year warranty! PLUS, this home comes with a fridge, washer and dryer! This beautiful home is move in ready and ready for you to make it your own! Don't miss your chance to call this beautiful house 'HOME!'

Investor Tools

$225,000

Estimated Property Value

$29,700Estimated Mortgage Balance

$210,995Estimated Equity

87% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,380 /month

Positive

Cash Flow Estimate:

$460 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$283/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,275

$151,200

2025

$35,680

$115,520

$151,200

Tax History

Year

Tax Paid

Assessed Value

2024

$2,275

$151,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Tierra Group Llc

N/A

$29,700

N/A

First

May 5, 2006

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$14,005

$210,995

93%

$0/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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