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$106,000

NAL Estimated Property Value

2005 Island Bayou, Bonham, TX, 75418

$137,800 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.99 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size1.73 acres

Building Information

Garage Spaces2

Land Information

APN108214
Land UseResidential
Legal DescriptionA0112 H BURKHARDT, ACRES 1.73
Census Tract950402
Assessed Land Value$49,870
Assessment Year2025

About this property

Amazing home on almost 4.5 acres in the heart of Bonham. Do you dream of the conveniences of being in town with the feel of being in the country? On this secluded lot there is room for anything you can imagine. Amazing finishes and details in this custom home with open floorplan and great flow. Large pantry in the spacious kitchen and walk in closets in all bedrooms. The primary bath has a large walk-in shower and an amazing walk-in closet. Home also has bonus room upstairs that could be a great media room or even a 4th bedroom. Outside you will find an insulated 30x50 shop with an additional 24x50 slab already there and ready to be built on. Also included in the shop is a hydraulic car lift. This is a rare find that will check all the boxes so don't wait.

Investor Tools

Property Icon
$106,000
Estimated Property Value
$448,869Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$137,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$868
$49,870
2025
$49,870
N/A
$49,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$868
$49,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$475,000
No
First
May 24, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$448,869
N/A
0%
423%
$2,848/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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2005 Island Bayou | Property Details | No Agent List