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$102,000

NAL Estimated Property Value

407 15th Street, Honey Grove, TX, 75446

$132,600 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,008 Sq Ft
price_per_sqft$69.44 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesNone
FlooringLaminate, Linoleum

Exterior

Lot Size8,189 sqft

Building Information

Year Built1963

Land Information

APN78509
Land UseResidential
Legal DescriptionA0615 J KING, ACRES .188
Census Tract950100
Assessed Land Value$17,770
Assessed Improvement Value$29,740
Assessment Year2025

About this property

This delightful home is situated on a spacious corner lot and features a large concrete driveway with ample space to accommodate multiple vehicles. Conveniently located near local grocery stores and a gas station, this property offers the perfect blend of comfort and accessibility. Ideal for those seeking a cozy residence in a friendly community. This home has 2 bedrooms and 1 full bath with a formal dining room and dinette. INTERIOR PICTURES COMING SOON! Schedule a showing today!

Investor Tools

Property Icon
$102,000
Estimated Property Value
$54,930Estimated Mortgage Balance
$47,070Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$132,600
Rent-to-Value Ratio: 0.72%
Rent Estimate
$612 /month
Positive
Cash Flow Estimate:
$204 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$69/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$314
$47,510
2025
$17,770
$29,740
$47,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$314
$47,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$56,000
No
First
Apr 4, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,930
$47,070
46%
54%
$336/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.

Explore Texas Explore This Area
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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