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Owner Contacts

$179,000

280 Avenue B, Point, TX, 75472

Off Market

2 Beds

2 Bath

1,126 Sq Ft

Single Family Residence

$79.93 / sqft

Built in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

AppliancesWater Purifier, Electric Water Heater

Exterior

Exterior FeaturesRV Hookup

Lot Size1.13 acres

Building Information

Year Built1970

Garage Spaces1

Land Information

APN658

Land UseResidential

Legal DescriptionA0015 BELL SAMUEL T (AKA BELT SUR) ACRES 1.132

Census Tract950200

Assessed Land Value$40,752

Assessed Improvement Value$110,697

Assessment Year2025

About this property

FANTASTIC OPPORTUNITY with unlimited potential!! This 1100+ sf property is nestled on 1.13 acres in the heart of Point. This is a project house with solid bones--bring your handyman skills! All new premium subfloor on solid & bolstered joists, glued in addition to deck screws, so no shifting or creaking. Standard block piers upgraded with16x16x4 concrete pads in all critical areas. Exterior walls & interior framing are new & ready to finish. House is framed for the NEW in-box plug-&-play central heat & AC. Electric meter box & master disconnect are installed. Upgraded service feed wire is on the spool & ready to install. Whole-house water filtration with softener & RO drinking water system installed & operational. 50-amp RV plug is installed. Seize this rare chance to finish this rebuild to your vision while enjoying the tranquility of small-town living! Commercial-grade Zero-turn lawnmower-purchased in 2023 used 7x & 4WD Ford tractor with assorted implements are negotiable!

Investor Tools

$179,000

Estimated Property Value

$181,817Estimated Mortgage Balance

$1,757Estimated Equity

-2% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,074 /month

Positive

Cash Flow Estimate:

$358 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$300/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,702

$151,449

2025

$40,752

$110,697

$151,449

Tax History

Year

Tax Paid

Assessed Value

2025

$2,702

$151,449

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Sierra Pacific Mortgage Co Inc

Conventional

$181,817

First

Dec 2, 2024

Jan 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$177,243

$1,757

99%

$1,091/mo

Learn About the Market: Opportunity in Texas

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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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