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$194,000

231 S 2nd St, Wills Point, TX, 75169

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,866 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$107.11 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesElectric Range, Electric Water Heater, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size7,405 sqft

Building Information

Year Built1985
Stories1

Land Information

APN084.5000.0029.0008.0000
Lot Number8
Land UseResidential
Legal DescriptionACRES: 0.170 BLK: 29 LOT: 8R ADDN: ORIGINAL TOWN REPLAT 2025
Census Tract950500
Assessed Land Value$16,070
Assessed Improvement Value$104,230
Assessment Year2025

About this property

Fully rehabbed home. New roof, electrical panel, lighting, fixtures, window coverings, garbage disposal, , and kitchen cabinets and durable luxury vinyl plank flooring. Appliances are new or recent-new. Ready to party or just relax?...Enjoy the attached sunroom with full windows for a mosquito-resistant space to party it up in the evening or enjoy a beautiful quiet sunrise with your favorite cup of java.

Investor Tools

Property Icon
$194,000
Estimated Property Value
$192,449Estimated Mortgage Balance
$3,228Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,144
$120,300
2025
$16,070
$104,230
$120,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,144
$120,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$192,449
No
First
Nov 26, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,772
$3,228
1%
98%
$1,154/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: Wills Point

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231 S 2nd St | Property Details | No Agent List