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$183,000

204 N Elm St, Kemp, TX, 75143

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.83 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop
FlooringCarpet, Laminate

Exterior

Lot Size4,400 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.2050.0006.0000.02.04.04
SubdivisionKemp Original
Land UseResidential
Legal DescriptionKEMP ORIGINAL BLOCK 6 PT
Census Tract051301
Assessed Land Value$22,000
Assessed Improvement Value$153,409
Assessment Year2025

About this property

Welcome to your new home! This charming three-bedroom, 1.5 bathroom house is situated on a desirable corner lot right in the heart of Kemp, Texas. Step inside to discover a beautifully recently remodeled interior, featuring a spacious living room perfect for family gatherings and relaxation. Kitchen offers gas stove. Access to 3rd bedroom and 2nd bath is separate from rest of the home, making ideal if you want to rent it out! Outside, you'll find a convenient two-car carport, providing ample parking. The home's prime location offers easy access to freeways, shopping, minutes from Cedar Creek Lake and is just a short 30-minute drive to Dallas, making it ideal for commuters. Don't miss out on this fantastic opportunity to own a move-in ready home in a great location. Schedule your showing today and experience the best of Kemp living!

Investor Tools

Property Icon
$183,000
Estimated Property Value
$166,920Estimated Mortgage Balance
$29,425Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,836
$175,409
2025
$22,000
$153,409
$175,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,836
$175,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Fha
$166,920
Yes
First
Feb 18, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,575
$29,425
16%
84%
$1,001/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: Kemp

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204 N Elm St | Property Details | No Agent List