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$237,109

NAL Estimated Property Value

3202 S Fm 51, Decatur, TX, 76234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.77 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesGas Cooktop, Gas Water Heater
FlooringTile, Vinyl

Exterior

Lot Size14,985 sqft

Building Information

Year Built1973
Stories1
Roof Type158
Garage Spaces2

Land Information

APND1693.0151.01
Lot Number11
SubdivisionLipsey Addition
Land UseResidential
Legal DescriptionLOT 11 BLK 8 LIPSEY ADDITION
Census Tract150104
Assessed Land Value$79,050
Assessed Improvement Value$158,059
Assessment Year2025

About this property

Amazing location alert! Welcome to this 3 bed 2 bath home on South FM 51, just moments away from all that Decatur has to offer. Situated on a spacious .344 acre lot with a fenced backyard, this 1,196 sqft residence features freshly painted interior, double ovens, a gas stove top, and vinyl flooring in bedrooms and in living room. The large fenced backyard provides the ideal setting for hosting gatherings and entertaining friends and family, or perfect for your pets to run around. With its close proximity to Young elementary, restaurants, and being near all the amenities of Decatur, this home offers the perfect combination of comfort and convenience. Just 30 minutes from Fort Worth. Don't miss out on the opportunity to make this charming property yours!

Investor Tools

Property Icon
$237,109
Estimated Property Value
$0Estimated Mortgage Balance
$237,109Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,423 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,983
$237,109
2025
$79,050
$158,059
$237,109
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,983
$237,109

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$237,109
100%
0%
$0/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: Decatur

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3202 S Fm 51 | Property Details | No Agent List