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A+
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$244,000

302 Simpson St, Schulenburg, TX, 78956

$317,200 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths4,506 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$28.83 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesFree-Standing Range
FlooringLaminate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPlayground, Private Yard
Lot Size23,069 sqft

Building Information

Garage Spaces2

Land Information

APN44559
Lot Number1-6
Land UseResidential
Legal DescriptionCITY OF SCHULENBURG (497) LOT 1-6 FRC 7 BLK 35 0.5296 ACRES, HSE - (BEING REMODELED), STG
Census Tract970602
Assessed Land Value$48,620
Assessed Improvement Value$117,810
Assessment Year2025

About this property

This Fannie Mae Homepath Property Purchase for as little as 5% down.Built approx 1920 offers tons of historic feel and heirlooms built as the Mayoral Mansion and offers 1/2 acre lot*Large Downstairs master, 4506+/- sq ft, detached garage, root cellar, Rumford Fireplace, Great Room, 5 Beds, 3.5 Baths, Central Heat and Air, Brick Exterior, Balcony, original oak wood floors, pocket doors and large fenced/private backyard*Centrally located with easy access to 3 Metropolitan Locations.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$244,000
Estimated Property Value
$108,000Estimated Mortgage Balance
$213,235Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$317,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,597
$166,430
2025
$48,620
$117,810
$166,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,597
$166,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$108,000
No
First
Aug 22, 2014
Sep 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$30,765
$253,235
89%
13%
$0/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: Schulenburg

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302 Simpson St | Property Details | No Agent List