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$319,000

NAL Estimated Property Value

318 E 9th Street, Bonham, TX, 75418

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,288 Sq Ft
price_per_sqft$71.17 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size28,662 sqft

Building Information

Year Built1900
Garage Spaces2

Land Information

APN77323
Land UseResidential
Legal DescriptionA0560 BAILEY INGLISH
Census Tract950402
Assessed Land Value$96,020
Assessed Improvement Value$199,890
Assessment Year2025

About this property

Historic 1900's home of the prominent Risser family, owners of Risser Dry Goods. The foyer was the grand reception area, with handcrafted pocket doors leading to the formal living area. Sam Rayburn was said to have dined with his friends and played cards, in the large formal dining room. The butler's pantry opens to both the dining room & kitchen. Admire the original chestnut wood floors, and milk glass lights in the kitchen. Updates to the kitchen, primary bath, plumbing, some electrical & some foundation work has been done. The large lot, .665 of an acre, offers attached garage, shed & free standing workshop & half bath. The 2-level deck is perfect for entertaining, and the upstairs offers 3 bedrooms with a closed in sleeping porch. With some additional restoration, and loving care, this 3,288 SF beauty will again be the talk of the town. Located within a few miles of the new Bois d'Arc Lake and recreational area, & within walking distance to the historic Town Square.

Investor Tools

Property Icon
$319,000
Estimated Property Value
$49,757Estimated Mortgage Balance
$269,243Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,068
$295,910
2025
$96,020
$199,890
$295,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,068
$295,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Maverick Residential Mortgage Inc
Conventional
$118,750
No
First
Jan 18, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,757
$269,243
84%
16%
$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: Bonham

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318 E 9th Street | Property Details | No Agent List