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$265,000

205 N Canton St, Mabank, TX, 75147

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,321 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.61 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size1.89 acres

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.0510.0003.0005.00.95.05
Lot Number5
SubdivisionColeman
Land UseResidential
Legal DescriptionCOLEMAN, BLOCK 2, LOT 5; & HOUSE & HOUSE
Census Tract051301
Assessed Land Value$123,656
Assessed Improvement Value$131,753
Assessment Year2025

About this property

Great small acreage property in downtown Mabank with 3 bed 2 bath brick with attached 1-car garage,. plus separate 1-1 efficiency guest house. Second gated driveway to detached 2-car garage, 2-car carport, and multiple storage buildings. Fenced back yard, excellent location on nearly 2 acres near SH175, easy access to DFW metroplex, Canton, Tyler, local dining, shopping, and medical, and walking distance to elementary school! Main home needs updating and TLC but so many great possibilities with this hard-to-find acreage property... and it's priced to sell!

Investor Tools

Property Icon
$255,409
Estimated Property Value
$257,589Estimated Mortgage Balance
$0Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$577/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,646
$255,409
2025
$123,656
$131,753
$255,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,646
$255,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$257,589
No
First
Aug 1, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$508,408
N/A
0%
199%
$3,090/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: Mabank

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205 N Canton St | Property Details | No Agent List