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$218,000

NAL Estimated Property Value

2207 Island Bayou Road, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,148 Sq Ft
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 FeaturesGarden, Storage
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
$278,546Estimated Mortgage Balance
$218,000Estimated Equity
0% 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

City: Bonham

2207 Island Bayou Road | Property Details | No Agent List