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$425,000

240 County Road 1451, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,988 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.78 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size3.66 acres

Building Information

Year Built2005
Garage Spaces2

Land Information

APN100095
Lot Number11
Land UseResidential
Legal DescriptionSAND CREEK ADDN PHASE 1, LOT 11, POA, ACRES 3.664
Census Tract950402
Assessed Land Value$116,090
Assessed Improvement Value$391,250
Assessment Year2025

About this property

All offers due by noon on Monday, October 18th. House, land, shop, pond & trees. This 3 bedroom, 2 bath home on almost 4 acres is located in the Sand Creek Subdivision a few miles outside of Bonham and has a two year old roof, 2 water heaters, an open floor plan, a breakfast bar, his & her sinks and a jetted tub. The 30x30 foam insulated workshop has a concrete slab, a covered patio area, covered trailer parking, electric, a 12 ft roll up door and a 6 ft roll up door. The pond is stocked with crappie & perch and offers a great spot to relax & unwind. The back section of the property has thick timber with walking trails. The concrete driveway was poured in June of 2021 and should last for many years to come.

Investor Tools

Property Icon
$542,000
Estimated Property Value
$450,000Estimated Mortgage Balance
$130,291Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,252 /month
Positive
Cash Flow Estimate:
$1,084 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$736/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,118
$507,340
2025
$116,090
$391,250
$507,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,118
$507,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Premia Mortgage Llc
Va
$450,000
Yes
First
Nov 15, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,709
$130,291
24%
76%
$2,698/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.

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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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