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$250,000

402 Cedar Street, Hearne, TX, 77859

$265,300 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths4,072 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$61.39 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesElectric Cooktop
FlooringCarpet, Terrazzo, Wood

Exterior

Private PoolPrivate Pool
Lot Size20,125 sqft

Building Information

Year Built1900
Garage Spaces2

Land Information

APN080000-026220
Lot Number1-7
Land UseResidential
Legal DescriptionLTS 1 THRU 7 BLK 418 HEARNE 338/346 1480/487 LIFE ESTATE FOR NORMA HOLLOWAY 0.462 ACRES
Census Tract960501
Assessed Land Value$54,338
Assessed Improvement Value$344,462
Assessment Year2025

About this property

Step back in time with this 4 bedroom, 3½ bath, with approx. 4,072sf of living space on 7 lots. Built in 1900 by architect W.W. Lamour for Hearne businessman and railroad developer Robert C. Allen. The home’s interior remains virtually unaltered, preserving its original charm. Features built-in bookshelves, stained glass windows, and Eastlake-style spindle work over interior doorways. 7 fireplaces with mirrors imported from Chicago. In 1933, hardwood flooring was installed over the original pine, while currently covered with carpet, the potential to restore and showcase these floors offers exciting possibilities. Recognized as a Texas Landmark (1981) and listed on the National Historic Registry (1982), this property sits on a large corner lot and includes a detached 2 car garage, outbuilding, and swimming pool (condition unknown). Being sold AS IS, this historic home offers a rare opportunity for the right buyer to restore its beauty and create something truly special.

Investor Tools

$0Estimated Mortgage Balance
$413,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$265,299
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,478 /month
Positive
Cash Flow Estimate:
$826 /month

Interested in this property?

Connie Dent

Arrow Creek Properties, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,372
$398,800
2025
$54,338
$344,462
$398,800
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$8,372
$398,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$413,000
100%
0%
$0/mo

City: Hearne

402 Cedar Street | Property Details | No Agent List