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$173,960

409 N Main St, Grand Saline, TX, 75140

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths985 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$70.05 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesNone
FlooringWood

Exterior

Lot Size5,663 sqft

Building Information

Year Built1949
Stories1

Land Information

APN044.3640.0029.0008.0000
Lot Number8-9
Land UseResidential
Legal DescriptionACRES: 0.130 BLK: 29 LOT: 8 & 9 ADDN: R-2
Census Tract950200
Assessed Land Value$8,460
Assessed Improvement Value$165,500
Assessment Year2025

About this property

We are looking for an investor . This house has the interior mostly removed in preparation for a redo. Great lot and a great possibility for a person who is capable of construction. Originally was a two bed and 1 bath.

Investor Tools

Property Icon
$173,960
Estimated Property Value
$163,483Estimated Mortgage Balance
$0Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,044 /month
Positive
Cash Flow Estimate:
$348 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,456
$173,960
2025
$8,460
$165,500
$173,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,456
$173,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$163,483
Yes
First
Jul 7, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,699
N/A
0%
109%
$1,191/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: Grand Saline

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