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$382,800

NAL Estimated Property Value

408 S College Street, Pilot Point, TX, 76258

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,840 Sq Ft
price_per_sqft$176.63 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Other, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther, Storage
Lot Size20,038 sqft

Building Information

Year Built1959
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR239354
Lot Number2
SubdivisionCarroll Addn
Land UseResidential
Legal DescriptionCARROLL ADDN BLK A LOT 2
Census Tract020118
Assessed Land Value$94,562
Assessed Improvement Value$301,438
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED HIGHEST AND BEST BY 5PM 3 15 Gorgeous one of a kind, unique property. Two separate living areas, the main house is 4 bedrooms and 2 baths featuring an open concept kitchen and living room. Upstairs you'll find a balcony where you can relax while looking over the fenced in pool and deck that is made for entertaining. The guest house features a spacious master bedroom with oversized windows, beautiful woodwork, and a built-in entertainment center. Two full baths, one in the bedroom and one in the Media and game room for guests. It also features a full kitchen and bar. The oversized lot also features an extended driveway with a carport.

Investor Tools

Property Icon
$382,800
Estimated Property Value
$240,484Estimated Mortgage Balance
$142,316Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,297 /month
Positive
Cash Flow Estimate:
$766 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,903
$382,800
2025
$94,562
$301,438
$396,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,903
$382,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$266,400
No
First
Apr 15, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,484
$142,316
37%
63%
$1,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,598/mo
+$974/mo
8.1%

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: Pilot Point

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408 S College Street | Property Details | No Agent List