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Days26Days on Market
Views1view

$250,000

312 E Elm St, Celina, TX, 75009

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths736 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.67 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesRefrigerator

Exterior

Lot Size7,122 sqft

Building Information

Year Built1955
Stories1

Land Information

APNR-1023-060-0120-1
Lot Number12
SubdivisionCelina Original Donation (Ccl)
Land UseResidential
Legal DescriptionCELINA ORIGINAL DONATION (CCL), BLK 60, LOT 12
Census Tract030306
Assessed Land Value$180,000
Assessed Improvement Value$45,336
Assessment Year2025

About this property

OPPORTUNITY AWAITS! Here’s your chance to acquire a quaint 2 bed, 1 bath cottage on a corner lot. Take the property down to the studs for a full rehab or tear it down and start anew. Ideal for a craftsman with creativity or an investor with vision for this developing area. The property is in a great location of expansion and is close to major thoroughfares with tons of construction projects underway. The property needs a lot of work and is being sold AS IS, with no repairs to be made by the seller. This is heir property and the family is in the process of moving several items out. A major clean out will be done during the first week of August. THE UTILITIES ARE NOT ON IN THE PROPERTY! The electrical lines were damaged during a storm and were not restored. Therefore, schedule a showing during ample daylight hours. There is no survey. The Buyer will need to purchase, if necessary. Reasonable offers are welcomed; seller will not consider owner financing or assignment contracts. Buyer must provide proof of funds with cash offers or a preapproval letter, if financing. Tons of possibilities await you. Don’t miss out on this growth opportunity!

Investor Tools

Property Icon
$238,000
Estimated Property Value
$0Estimated Mortgage Balance
$238,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Regina Foster

Hopkins Realty & Assoc. LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,501
$225,336
2025
$180,000
$45,336
$225,336
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,501
$225,336

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$238,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
N/A
+$2,120/mo
10.7%

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: Celina

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