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$264,000

NAL Estimated Property Value

200 E Locust St, Celeste, TX, 75423

SoldInfo
7/17/26
Baths1,456 Sq Ft
Year BuiltBuilt in 1990

About this property

Opportunity, history, and potential all come together on this unique 0.344 acre property in Celeste! Nestled among mature shade trees, this property sits on land tied to one of Celeste's earliest educational institutions. In 1890, Professor C.C. Perrin founded Perrin School, a college-preparatory academy that helped shape the town's early growth during the railroad era. That legacy remains today, as this property is located in the historic Perrin Addition, preserving a connection to the town's education roots and early railroad era growth. The existing manufactured home on the property is considered uninhabitable and will need to be removed. It is being left onsite temporarily, providing an opportunity for a buyer who wishes to replace it with another manufactured home or start fresh and build a new home. Buyer to verify all requirements and timelines with the City of Celeste. The property is already improved with several valuable features, including a built-in metal carport, approximately 600-square-foot metal shop, storm shelter, and chain-link fenced backyard. The spacious lot offers plenty of room for gardening, pets, outdoor entertaining, or future improvements, while the mature trees provide beautiful shade and character. Whether you're looking for a homesite, an investment opportunity, or a place to create something new, this property offers a rare chance to own a piece of Celeste history while building your future. **Motivated seller**

Investor Tools

Property Icon
$264,000
Estimated Property Value
$0Estimated Mortgage Balance
$264,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,584 /month
Positive
Cash Flow Estimate:
$528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$691
$46,570
2025
N/A
$46,570
$46,570
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$691
$46,570

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$264,000
100%
0%
$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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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: Celeste

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200 E Locust St | Property Details | No Agent List