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$501,000

339 N 1st Street, Point, TX, 75472

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,465 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.93 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringWood

Exterior

Exterior FeaturesStorage
Lot Size1 acre

Building Information

Year Built1945

Land Information

APN21967
Land UseResidential
Legal DescriptionA0292 SUMMERLIN A S ACRES 1.0
Census Tract950200
Assessed Land Value$36,000
Assessed Improvement Value$350,484
Assessment Year2025

About this property

Welcome to this timeless, well built, Craftsman style 2-story historic home on 1st Street in Point, Texas. Restored in 2021, character & charm remain while sustaining all the latest updates one could desire. The layout is amazingly spacious, yet cozy with neutral colors. There are high ceilings, original refinished wooden floors throughout, and lots of transom windows to bring the outside light in. The living area is enormous & welcoming with a layout that is ideal for family living & entertaining. The kitchen has abundant cabinetry, stainless steel appliances, granite counter tops & a filtration system that serves the refrigerator & sink. The primary suite has been updated with an ensuite bathroom showcasing a large walk-in shower, slipper tub, double sink vanity & three closets! Discover two dormer bedrooms and a shared updated bathroom at the top of the beautiful staircase. There is a full-size laundry room, abundant storage & MANY updates—pex plumbing throughout, electrical, new windows upstairs, HVAC inside & out, ceiling fans, lighting, tubs, showers, vanities & more! In this home, the vast living space moves out onto a screened in porch for comfort & relaxation on beautiful East Texas evenings. Situated on ONE ACRE, bring your grill & fire pit for gatherings in the huge back yard. Store your lawn mower & yard equipment in the small building in the back. Commute to Greenville or the metroplex & still see the stars at night! Lake Fork & Lake Tawakoni are both about a 15 minute drive! Pride of ownership shows in the preservation of this home’s classic style and design mixed with modern updates, creating convenience & a delightful aesthetic.

Investor Tools

Property Icon
$501,000
Estimated Property Value
$0Estimated Mortgage Balance
$28,150Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,006 /month
Positive
Cash Flow Estimate:
$1,002 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$667/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,499
$386,484
2025
$36,000
$350,484
$386,484
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,499
$386,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ariva Mortgage Services Llc
Unknown
$325,000
No
First
May 2, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$472,850
$28,150
5%
94%
$2,999/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: Point

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339 N 1st Street | Property Details | No Agent List