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$224,000

NAL Estimated Property Value

404 Pecan, Honey Grove, TX, 75446

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,019 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$74.29 / sqft
Year BuiltBuilt in 1916

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher

Exterior

Lot Size10,955 sqft

Building Information

Year Built1950

Land Information

APN95078
Lot Number4
Land UseResidential
Legal DescriptionCITY OF HONEY GROVE ADDN, BLOCK 49, LOT 4
Census Tract950100
Assessed Land Value$22,680
Assessed Improvement Value$94,350
Assessment Year2025

About this property

This historic gem is nestled in the heart of a quaint neighborhood in the Sweetest Town in Texas. This early 1900s home holds a wealth of history & character, awaiting a new owner with a vision for restoration and revitalization. Sitting on a .25 acre corner lot with mature trees, this property offers a sense of peace & tranquility. Original woodwork throughout this home evokes a sense of nostalgia & charm. The upstairs, though currently used for storage, holds potential for additional living space, a workshop, or cozy reading nook. The backyard is a spacious canvas, ready for your landscaping dreams to come to life. This home is within walking distance to charming downtown Honey Grove as well as the award winning public school. While this home needs some tender loving care, the potential for restoration and renovation is limitless. With original features, ample space, and prime location, this home is a rare opportunity to own a piece of history and create your own masterpiece.

Investor Tools

Property Icon
$224,000
Estimated Property Value
$0Estimated Mortgage Balance
$224,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$268/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,094
$117,030
2025
$22,680
$94,350
$117,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,094
$117,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
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: Honey Grove

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