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$178,000

NAL Estimated Property Value

309 S Water Street, Savoy, TX, 75479

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,078 Sq Ft
price_per_sqft$143.78 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Washer
FlooringWood

Exterior

Lot Size15,072 sqft

Building Information

Year Built1964

Land Information

APN85136
Land UseResidential Single Family
Legal DescriptionA1149 J WEEKS, ACRES .346
Census Tract950300
Assessed Land Value$39,940
Assessed Improvement Value$113,580
Assessment Year2025

About this property

Welcome to small town living in the community of Savoy Texas, located less than 15 minutes from Sherman and Bonham and only 45 minutes to McKinney. Situated on a large corner lot you'll find this well maintained 3-bedroom 1-bath home that will be a perfect first home for those just starting out, or for those looking to downsize into a more rural setting with all the conveniences of living in town, and yet close to shopping and entertainment not far away. Inside the home are 3 good sized bedrooms with an open concept living and dining area that is open to the kitchen as well. Outside, there is ample yard space, large trees which are great for that summertime shade, especially in the back yard that also supports an oversized elevated outdoor deck that will be great for entertaining guests or family for outdoor events. As a bonus, there is a new Storm Cellar and two outdoor storage sheds as well. The gravel driveway is off to the side of the home and will support parking for several vehicles. This one won't last long. Make your appointment and come take a look today.

Investor Tools

Property Icon
$178,000
Estimated Property Value
$153,338Estimated Mortgage Balance
$24,662Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,068 /month
Positive
Cash Flow Estimate:
$356 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$182/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,300
$153,520
2025
$39,940
$113,580
$153,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,300
$153,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$156,565
No
First
Mar 26, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,338
$24,662
13%
86%
$939/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: Savoy

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309 S Water Street | Property Details | No Agent List