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$321,000

NAL Estimated Property Value

3208 S Lipsey Street, Decatur, TX, 76234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,565 Sq Ft
price_per_sqft$99.04 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringLaminate, Other

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size14,985 sqft

Building Information

Year Built1965
Stories1
Roof Type158
Garage Spaces2

Land Information

APND1693.0121.00
Lot Number16
SubdivisionLipsey Addition
Land UseResidential
Legal DescriptionLOT 16 BLK 7 LIPSEY ADDITION
Census Tract150104
Assessment Year2025

About this property

Looking for a home in a great neighborhood? This home is what you are looking for. With the right owner who will provide some TLC, this place will be amazing! Situated on a corner lot in a well established neighborhood, this home has quick access to central Decatur and everything it has to offer. The property has its own private well that could be used to water the yard without having to use city water, and a large storage building along the fence next to the home. There is an above ground pool on site that would be recommended to be removed. BRING OFFERS, Great Investment property!

Investor Tools

Property Icon
$321,000
Estimated Property Value
$165,924Estimated Mortgage Balance
$155,076Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,926 /month
Positive
Cash Flow Estimate:
$642 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,730
$288,803
2025
N/A
N/A
$290,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,730
$288,803

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Stand Alone First / Home Equity First Lien
$189,494
No
First
Jan 21, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,924
$155,076
48%
52%
$1,137/mo

City: Decatur

3208 S Lipsey Street | Property Details | No Agent List