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$274,000

NAL Estimated Property Value

312 W Springcreek, Olney, TX, 76374

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths896 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$33.48 / sqft
Year BuiltBuilt in 1990

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Oven, Refrigerator

Exterior

Lot Size5,750 sqft

Land Information

APN9156
Land UseVacant Urban
Legal DescriptionGROVES ORIG - BLK 6 WEST 41 OF WEST 131
Census Tract950200
Assessed Land Value$1,940
Assessment Year2023

About this property

Affordable opportunities like this don’t come around often! Situated on approximately half an acre on Spring Creek Road, this 3-bedroom, 2-bath single-wide offers plenty of potential at an unbeatable price point. Whether you’re looking for an investment property, rental opportunity, starter home, or simply a more affordable place to call home, this property is worth a look. The home does need some work, but with a little vision and effort, the possibilities are endless. Priced to sell at just $30,000 and being sold as is.

Investor Tools

Property Icon
$274,000
Estimated Property Value
$0Estimated Mortgage Balance
$274,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,644 /month
Positive
Cash Flow Estimate:
$548 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$43
$1,940
2023
$1,940
N/A
$1,940
No

Tax History

Year
Tax Paid
Assessed Value
2022
$43
$1,940

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$274,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Olney

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312 W Springcreek | Property Details | No Agent List