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$401,494

305 S Trinity St, Decatur, TX, 76234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,799 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.31 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range

Exterior

Lot Size9,583 sqft

Building Information

Year Built1940
Stories1
Roof Type158
Garage Spaces3

Land Information

APND2819.0005.00
SubdivisionStratton Addition
Land UseResidential
Legal DescriptionBLK 3 STRATTON ADDITION
Census Tract150201
Assessed Land Value$73,248
Assessed Improvement Value$328,246
Assessment Year2025

About this property

Historic downtown Decatur is the place to be, especially around the holidays. Cute 1940s home right off downtown and within walking distance of all the best local hangouts available for rent. Charming home features a kitchen and utility off the back of the house, a large living and dining area, three large bedrooms and wood flooring throughout. Tenant will enjoy one storage space and one parking space in the detached garage. Home also offers quick and easy access to both HWY 287 and HWY 380.

Investor Tools

Property Icon
$401,494
Estimated Property Value
$268,125Estimated Mortgage Balance
$145,963Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,409 /month
Positive
Cash Flow Estimate:
$803 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,992
$401,494
2025
$73,248
$328,246
$401,494
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,992
$401,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firefighters First Fcu
Commercial
$268,125
No
First
Oct 31, 2023
Dec 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,531
$145,963
36%
64%
$1,608/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Decatur

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305 S Trinity St | Property Details | No Agent List