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$399,000

221 W 5th Street, Bonham, TX, 75418

On MarketInfo
Beds6 Beds
Baths5 Bath
Baths3,915 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.92 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 5Bathrooms 5
AppliancesDishwasher, Electric Oven, Electric Range, Gas Range, Double Oven, Refrigerator
FlooringBrick, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size21,148 sqft

Building Information

Year Built1930

Land Information

APN93451
Land UseResidential
Legal DescriptionSIMPSON ADDN, BLOCK PT OF 1
Census Tract950401
Assessed Land Value$54,770
Assessed Improvement Value$339,580
Assessment Year2025

About this property

Step into the timeless charm of this historic 6-bedroom, 4.5-bathroom home located just moments from the downtown Bonham square. Rich in character and thoughtfully updated, this spacious property offers the perfect blend of classic architecture and modern comfort, making it an excellent fit for large or multi-generational families. The main portion of the residence welcomes you with generous living and dining areas that create an inviting space for everyday living and entertaining. The kitchen is conveniently located alongside a half bath on the first floor, while upstairs you'll find four spacious bedrooms and two full bathrooms. The private primary suite features its own ensuite bath, and a balcony overlooks the beautiful oversized lot, providing the perfect place to enjoy your morning coffee or unwind in the evening. Throughout the home you'll appreciate the original architectural details that give this property its unique character, complemented by tasteful modern updates that enhance everyday functionality. A standout feature of this home is the secondary wing, offering its own full kitchen, two bedrooms, and two full bathrooms. Whether you're accommodating extended family, hosting long-term guests, creating private living quarters, or simply looking for additional flexibility, this separate living space provides endless possibilities. Outside, the oversized lot offers plenty of room to enjoy, while the detached garage provides convenient storage for vehicles, tools, lawn equipment, or hobbies. Combining historic charm, an exceptional amount of living space, and a prime location just off Bonham's vibrant downtown square, this is a rare opportunity to own a truly distinctive home with room for everyone.

Investor Tools

$126,709Estimated Mortgage Balance
$320,291Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,682 /month
Positive
Cash Flow Estimate:
$894 /month

Interested in this property?

Cory Meals

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,465
$394,350
2025
$54,770
$339,580
$394,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,465
$394,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fannin Bank
Stand Alone First / Home Equity First Lien
$156,637
No
First
May 1, 2017
Jun 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,709
$320,291
71%
28%
$940/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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221 W 5th Street | Property Details | No Agent List