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$441,000

$456,000

303 W Market Street, Honey Grove, TX, 75446

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths3,608 Sq Ft
price_per_sqft$122.23 / sqft
Year BuiltBuilt in 1880

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Range, Refrigerator, Tankless Water Heater
FlooringHardwood

Exterior

Exterior FeaturesCourtyard, RV Hookup, Uncovered Courtyard
Lot Size8,999 sqft

Building Information

Year Built1880
Garage Spaces2

Land Information

APN94934
Lot Number134
Land UseResidential
Legal DescriptionCITY OF HONEY GROVE ADDN, BLOCK 18, LOT 134
Census Tract950100
Assessed Land Value$19,440
Assessed Improvement Value$204,860
Assessment Year2025

About this property

Not one. Not two. But THREE dwellings on this idealic corner lot. Imagine enjoying your morning coffee surrounded by mature gardens, hosting gatherings, and having room for guests, aging parents, or income-producing cottages. Straight out of a storybook, you are greeted with the white picket fence and wrap around porch on this gorgeous Victorian era home. Walking in, you see the beautiful original hardwood floors, beautiful staircase, and amazing handmade wooden spandle hanging from the ceiling. The kitchen has been remodeled with granite countertops and stainless appliances. You can either eat at the island while sitting on the vintage built in bar stools or add a small dining table to enjoy your meal at the large windows. While the primary bedroom with an ensuite bath with claw foot tub and separate shower are upstairs, there is a second primary bedroom that could easily be used as a mother-in-law suite with it's own bathroom that features a walk-in bath tub. There is also a private entrance into this area of the home with a ramp for easy access. I could go on and on about the beauty of this home but it's just something you need to see in person to really get the awe of it. When you step into the back courtyard, you will experience a covered deck, two gazebo areas, and see the two extra dwellings that would be great for guest overflow or even as investment properties. The Nest has a cozy bedroom and private bath and the second dwelling has two bedrooms, a bathroom, and kitchenette. There is also a 30amp outlet to hookup your RV, if needed. Property listed as both residential and commercial (would have to be rezoned for commercial). There is a survey for the main house but a new survey will need to be done for the whole property.

Investor Tools

$167,801Estimated Mortgage Balance
$118,199Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,646 /month
Positive
Cash Flow Estimate:
$882 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,846
$224,300
2025
$19,440
$204,860
$224,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,846
$224,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Adviosrs Group
Reverse Mortgage / Hecm
$247,500
No
First
Oct 15, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,801
$118,199
41%
59%
$1,033/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: Honey Grove

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303 W Market Street | Property Details | No Agent List