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$262,500

242 Parkins St, Sulphur Springs, TX, 75482

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,167 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.14 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet

Exterior

Lot Size10,019 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APNR000006434
SubdivisionParkins
Land UseResidential
Legal DescriptionACRES: 0.230 LOT: 4 BLK: 206 ADDN: PARKINS
Census Tract950401
Assessed Land Value$25,000
Assessed Improvement Value$225,670
Assessment Year2025

About this property

The perfect blend of farmhouse charm & modern elegance in this 2-story residence, white painted-brick exterior complemented by wooden shutters. Inside, a beautiful kitchen featuring white cabinetry, granite countertops, & a unique tin ceiling. An open pass-through to the spacious living room, with large windows, enhances the home's airy feel. Enjoy peaceful mornings on the screened in porch. Master suite on the lower level is a private retreat, complete with sliding barn doors. It includes a luxurious bathroom with dual walk-in closets, a walk-in shower, a granite vanity, & a large linen closet. A full-size laundry room with a folding counter & drip-dry area adds to the home's functionality. Ascending to the upper floor, you'll find generously sized bedrooms, each with walk-in closets for ample storage. Outside, a workshop attached to the garage offers additional space for hobbies. A wooden privacy fence, encompassing a grassy area perfect for gardening & outdoor activities.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$228,937Estimated Mortgage Balance
$39,171Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,575 /month
Positive
Cash Flow Estimate:
$525 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,129
$250,670
2025
$25,000
$225,670
$250,670
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,129
$250,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Fha
$228,937
Yes
First
Nov 13, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,829
$39,171
14%
85%
$1,373/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: Sulphur Springs

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242 Parkins St | Property Details | No Agent List