7view

Owner Contacts

$412,499

NAL Estimated Property Value

201 Summit St, Farmersville, TX, 75442

Off Market

4 Beds

3 Bath

2,327 Sq Ft

$201.97 / sqft

Built in 1956

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Double Oven, Refrigerator, Tankless Water Heater, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Hardwood, Stone

Exterior

Private Pool

Exterior FeaturesFire Pit, Private Yard

Lot Size12,428 sqft

Building Information

Year Built1956

Stories1

Land Information

APNR-1066-008-001C-1

Lot Number1C

SubdivisionRike Addition

Land UseResidential

Legal DescriptionRIKE ADDITION, BLK 8, LOT 1C

Census Tract031101

Assessed Land Value$92,500

Assessed Improvement Value$319,999

Assessment Year2025

About this property

Beautiful 1950s, 4bed 2.5 baths house, within walking distance to historic downtown Farmersville is ready for new owners.Walk in to an open floor plan with the living area, kitchen, and dining room. Beautiful brick wood burning fireplace centered in the living room that comes with plenty of chopped firewood.Stunning brick columns separate the dining from living space.Original hardwood floors have been sanded and stained for an updated look.Huge kitchen with lots counter space to entertain and cook; cedar countertops; coffee bar, pot filler, gas cooktop, ample cabinet storage; floor to ceiling pantry and more!The primary BDR is oversized with large BTH with stone shower and custom closet.2 additional BDRs connect with a jack and Jill BTH.4th BDR can be an office or etc.This home was renovated in 2015-2016 with plumbing, electrical, HVAC, siding, windows, paint, and more.Enjoy the pool on a summer day!8X8 outdoor storage shed stays with the home.Get this home with no down payment today!

Investor Tools

$412,499

Estimated Property Value

$439,791Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,820 /month

Positive

Cash Flow Estimate:

$940 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$585/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,962

$412,499

2025

$92,500

$319,999

$412,499

Tax History

Year

Tax Paid

Assessed Value

2024

$4,962

$412,499

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

The Loan Store Inc

Fha

$429,486

Yes

First

Nov 20, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$439,791

N/A

107%

$2,706/mo

Learn About the Market: Opportunity in Texas

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 This Area