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$395,000

NAL Estimated Property Value

203 Mcelroy St, Southmayd, TX, 76273

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,006 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.65 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesWater Purifier, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Gas Water Heater, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Garden
Lot Size26,180 sqft

Building Information

Year Built2019
Garage Spaces2

Land Information

APNY002 046301901
SubdivisionGuest J J A-G0463
Land UseResidential
Legal DescriptionG-0463 GUEST J J A-G0463, ACRES 0.601
Census Tract001101
Assessed Land Value$53,667
Assessed Improvement Value$341,296
Assessment Year2025

About this property

Looking forward to the peace and serenity of country living? This stunning, beautifully designed half-acre home is conveniently located between Whitesboro and Sherman. This home’s open concept layout is perfect for entertaining and spending quality time with family as well as friends. The large kitchen boasts custom-built white cabinetry, quartz countertops, a spacious island, stainless steel appliances, and a sizeable walk-in pantry. The superb kitchen is open to the spacious dining area and light filled living room. From these two areas, enjoy the outside view and step outside to enjoy a summer beverage under the rose covered pergola or relax and take in the beauty and serenity of country living on the back patio. The private, primary bedroom has a modern ensuite bathroom with a large, inviting soaking tub perfect for relaxing and a spacious walk-in shower. The sizeable vanity with its double sinks and quartz countertop has plenty of storage space to meet your daily needs. The primary bedroom’s large walk-in closet has custom cabinets and an adjoining laundry room with sink. This lovely home has two additional bedrooms on the opposite side of the house, creating privacy from other family members or guests. These bedrooms share a conveniently located full size bathroom perfect for family members and guests alike. The two-car garage is located at the front of the house and is accessed from the semi-circle concrete driveway. The 8X16 garage double door is perfect for taller and larger vehicles. A handy storage closet inside the garage is ideal for all your tools and other household needs. The additional bonus for this spectacular country home is a19X19 steel workshop located in the partially fenced yard which can be used as a workshop, She-shed, or possible future guest house. This sensational country home will be the envy of your family and friends. Available May 23rd after 12 noon for all showings. Open House May 25th Sunday 2-4 pm

Investor Tools

Property Icon
$395,000
Estimated Property Value
$376,413Estimated Mortgage Balance
$18,587Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,391 /month
Positive
Cash Flow Estimate:
$797 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$665/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,007
$381,822
2025
$53,667
$341,296
$394,963
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,007
$381,822

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$382,000
Yes
First
Jul 29, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,413
$18,587
4%
95%
$2,291/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.

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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: Southmayd

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203 Mcelroy St | Property Details | No Agent List