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$625,000

206 N Rike St, Farmersville, TX, 75442

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.59 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Hardwood, Marble, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size13,739 sqft

Building Information

Year Built1940
Stories2
Garage Spaces2

Land Information

APNR-1058-008-036A-1
Lot Number36A
SubdivisionHowell Addition (Cfc)
Land UseResidential
Legal DescriptionHOWELL ADDITION (CFC), BLK 8, LOT 36A
Census Tract031101
Assessed Land Value$92,500
Assessed Improvement Value$431,876
Assessment Year2025

About this property

In the heart of this 1915 historical home sits a stunning open entertainer’s kitchen featuring marble counters and tile with professional Kitchenaid stainless appliances. This gorgeous completely updated home sits on a .36-acre lot and includes original exposed shiplap, antique Parisian door, repurposed exterior windows together with modern amenities…and that is just the beginning! Enjoy your morning coffee on the front porch swing or watch the sunset from your large, fenced backyard. Behind the scenes you’ll find complete spray foam insulation, 60 concrete piers, 2 new HVACs, all new gas, plumbing, electric, tankless water heater, whole house H2O filtration, CAT 5 data system, outdoor surveillance video…the list goes on. Walk to the historic town square right out of a Hallmark movie and make time to visit the 135 miles of hike and bike trails.

Investor Tools

Property Icon
$524,376
Estimated Property Value
$225,000Estimated Mortgage Balance
$307,112Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$923/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,451
$524,376
2025
$92,500
$431,876
$524,376
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,451
$524,376

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Equity Llc
Conventional
$225,000
No
First
Jun 12, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,264
$307,112
58%
41%
$1,349/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: Farmersville

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