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$205,000

2207 Island Bayou Road, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,148 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.57 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Range
FlooringVinyl

Exterior

Exterior FeaturesStorage, Garden
Lot Size8,664 sqft

Building Information

Year Built1945

Land Information

APN91320
Land UseResidential
Legal DescriptionCHAFFIN ADDN, BLOCK 1, LOT PT OF 6 & ALL 7 & PT OF 8
Census Tract950402
Assessed Land Value$34,910
Assessed Improvement Value$152,910
Assessment Year2025

About this property

STUNNING fully updated 3 bedroom 2 full bath home nestled in the heart of Bonham! Open floor plan with tall ceilings, recessed & decorative lighting, laminate hardwood floors, custom paint throughout, and paneling just to name a few! Beautiful Eat-In kitchen with island, custom cabinets, and new appliances. Large covered back patio with wood stained fence along with 12x24 storage building with electricity as well as a second storage building in the backyard! Additional fenced-in rectangle on the north side of the property in the back can be used for raised beds or added storage area! MUST SEE! Siding around pier & beam foundation of single family home, not a manufactured home.

Investor Tools

Property Icon
$218,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$276/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,219
$187,820
2025
$34,910
$152,910
$187,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,219
$187,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Stand Alone First / Home Equity First Lien
$144,000
No
First
Jul 18, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,546
N/A
0%
128%
$1,728/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: Bonham

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2207 Island Bayou Road | Property Details | No Agent List