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$104,900

1963 County Road 1185, Sulphur Springs, TX, 75482

$136,370 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,556 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$67.42 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Electric Range, Vented Exhaust Fan
FlooringVinyl, Wood

Exterior

Exterior FeaturesAwning(s)
Lot Size1.99 acres

Building Information

Year Built1940

Land Information

APNR000016360
SubdivisionLee Thomas Survey A-
Land UseResidential
Legal DescriptionACRES: 1.989 ABS: 550 TR: 40-11 SUR: LEE THOMAS 419X209X416X206
Census Tract950800
Assessed Land Value$64,440
Assessed Improvement Value$112,510
Assessment Year2025

About this property

Amazing price for this very versatile property in a serene country-setting, including 1.989 acres with room to roam and a 2 bedroom-1 bath residence! The home features a generous living room with a wood stove, a quaint kitchen-dining area, spacious bedrooms, a sizable utility room, and more!!! In addition, there is an attached front entry carport, a side awning, and a separate covered concrete area for your outdoor equipment or gatherings. This is a Fannie Mae Homepath Property. Do not hesitate...View it today!

Investor Tools

Property Icon
$253,000
Estimated Property Value
$0Estimated Mortgage Balance
$253,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$136,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,518 /month
Positive
Cash Flow Estimate:
$506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$164/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$709
$176,950
2025
$64,440
$112,510
$176,950
No

Tax History

Year
Tax Paid
Assessed Value
2025
$709
$176,950

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$253,000
100%
0%
$0/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: Sulphur Springs

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1963 County Road 1185 | Property Details | No Agent List