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$297,000

302 W Hale Ave, Decatur, TX, 76234

SoldInfo
7/01/26
Beds2 Beds
Baths1 Bath
Baths1,286 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.56 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size16,117 sqft

Building Information

Year Built1985
Stories1
Roof Type158

Land Information

APND2790.0130.01
Lot Number3,5
SubdivisionSouth Decatur
Land UseResidential
Legal DescriptionLOT PT 3 & 5 BLK 35 & 25 SOUTH DECATUR STREET CLSD STREET CLSD
Census Tract150201
Assessed Land Value$82,841
Assessed Improvement Value$178,454
Assessment Year2025

About this property

Welcome home to this beautifully renovated 2-bedroom, 1-bath charmer that perfectly blends small-town charm with modern convenience. Ideally located within walking distance of the historic town square and offering easy access to Highway 287, this home provides both comfort and connectivity. Inside, you'll find fresh updates throughout, including quartz countertops, stainless steel appliances, updated bathroom and fixtures, luxury vinyl flooring and a fun pop of color in the kitchen creating a bright and inviting space filled with natural light. The thoughtfully designed layout feels both cozy and functional, making it easy to settle right in. Step outside to an oversized covered and enclosed back porch, perfect for entertaining guests, grilling with friends, or enjoying peaceful evenings outdoors. The oversized backyard is a true highlight—complete with mature trees, full fencing, a storage shed, and plenty of room to garden, play, or expand your outdoor living space. Located in the heart of Decatur, you’ll enjoy quick access to shopping, dining, schools, and major highways, all while experiencing the charm and ease of small-town living! Move-in ready and full of charm, this updated home offers exceptional value and endless possibilities.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$262,163Estimated Mortgage Balance
$44,258Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,396
$261,295
2025
$82,841
$178,454
$261,295
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,396
$261,295

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Red Diamond Home Loans Llc
Fha
$262,163
Yes
First
Jul 17, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,150
$43,850
14%
85%
$1,572/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: Decatur

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302 W Hale Ave | Property Details | No Agent List