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$236,000

NAL Estimated Property Value

306 Elliott St, Tom Bean, TX, 75491

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,056 Sq Ft
price_per_sqft$141.95 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesNone
FlooringCarpet

Exterior

Lot Size10,498 sqft

Building Information

Year Built1983
Roof Type109
Garage Spaces2

Land Information

APNN002 6251106
SubdivisionOtp Tom Bean
Land UseResidential
Legal DescriptionOTP TOM BEAN, BLOCK 15, LOT N/2 15 & 16, ACRES .241
Census Tract001802
Assessed Land Value$52,290
Assessed Improvement Value$85,597
Assessment Year2025

About this property

This beautiful 4 bedroom, 1 bath home has been lovingly and carefully remodeled and updated on a spacious corner lot with plenty of mature trees, large open carport and room to grow! House features a metal roof, updated vinyl plank in dining, kitchen, and bath and new carpet throughout. Plenty of room on the corner to build a garage or workshop. Nice covered front porch to relax in the evening. Back deck with room for a garden or play area for the kids! Super efficient gas wall mount heaters and recent window units make this an affordable and loveable home close to Sherman Denison, and minutes from McKinney and the metroplex! Don't miss this one!

Investor Tools

Property Icon
$236,000
Estimated Property Value
$134,086Estimated Mortgage Balance
$101,914Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,416 /month
Positive
Cash Flow Estimate:
$472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,181
$137,887
2025
$52,290
$85,597
$137,887
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,181
$137,887

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$147,112
Yes
First
Sep 15, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,086
$101,914
43%
57%
$883/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: Tom Bean

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