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$213,000

NAL Estimated Property Value

2317 Recreation Road 3, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
price_per_sqft$182.29 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer

Exterior

Lot Size2.43 acres

Building Information

Year Built2002
Garage Spaces1

Land Information

APN100769
Land UseResidential
Legal DescriptionA0608 J KETCHAM, ACRES 2.427, LABEL# PFS0776573
Census Tract950402
Assessed Land Value$106,820
Assessed Improvement Value$76,560
Assessment Year2025

About this property

No Lake Lease Here! Don’t miss this slice of rural tranquility with convenient access to Lake Bonham's recreational offerings under a mile away. This property is perfect for water enthusiasts or those who simply enjoy lakeside living. The 2.43-acre lot provides ample space for various activities and storage needs. The presence of four sheds and no HOA restrictions is a significant advantage, allowing owners the freedom to customize the property to their liking. Additionally, the workshop with electricity is a valuable asset, offering not only storage space but also the potential for hobbies or small-scale projects. There is a 2002 well-maintained double-wide mobile home with a split floor plan offers both comfort and functionality. A nice front porch and a covered back porch extends living space and provides excellent spots to enjoy the serene surroundings. This property is a fantastic opportunity for anyone looking to combine the joys of lakeside living with the freedom of rural acreage!

Investor Tools

Property Icon
$213,000
Estimated Property Value
$201,064Estimated Mortgage Balance
$11,936Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$123/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$414
$183,380
2025
$106,820
$76,560
$183,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$414
$183,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$203,741
Yes
First
Aug 25, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,064
$11,936
5%
94%
$1,222/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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2317 Recreation Road 3 | Property Details | No Agent List