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$549,500

415 S Rice St, Hamilton, TX, 76531

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,068 Sq Ft
Single Family ResidenceSingle Family Residence
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Dishwasher, Gas Range, Gas Water Heater, Double Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringConcrete, Hardwood, Slate

Exterior

Exterior FeaturesAwning(s), Fire Pit, Rain Gutters, Storage
Lot Size13,599 sqft

Building Information

Year Built1920

Land Information

APNR16820
Land UseResidential
Legal Description85X150 OF 4 & S10' OF N1/2 OF 3 BLK 15 (1) ORIG 85X150 & 10X75
Census Tract950300
Assessed Land Value$5,440
Assessed Improvement Value$178,900
Assessment Year2025

About this property

Step into timeless craftsmanship with this beautifully restored 1920 custom home where historic charm meets modern convenience. Soaring 12-foot ceilings, beautifully restored original oak hardwood floors, and abundant natural light create a warm and inviting atmosphere throughout. Offering 3 bedrooms, 2 bathrooms, a spacious living room, formal dining room, and an upstairs second living area or game room, this home provides exceptional flexibility for today's lifestyle. The chef's kitchen is designed to impress with a six-burner gas cooktop, custom vent hood, double ovens, rich mahogany countertops, travertine backsplash, and generous workspace. Just off the kitchen, you'll find a laundry room with pantry storage, while the primary suite includes a private office with a large built-in desk—perfect for working from home. Extensively updated in 2008 with new electrical, plumbing, structural framing, and HVAC featuring four return air vents, this home also boasts a 50-year metal roof (2010), freshly painted cedar and Hardie siding (2024), and a new gas water heater (2024). The refrigerator, washer, and dryer all convey, providing added value and convenience for the new owner. Outside, enjoy mornings on the welcoming wraparound front porch surrounded by colorful landscaping or unwind on the backyard veranda featuring newly poured concrete, a firepit, and a spacious storage shed. Rich in character, thoughtfully updated, and unlike anything else on the market, this one-of-a-kind home is ready for its next chapter.

Investor Tools

$27,350Estimated Mortgage Balance
$187,650Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,297 /month
Positive
Cash Flow Estimate:
$1,099 /month

Interested in this property?

Ginnie Harwood

Graceland Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,101
$184,340
2025
$5,440
$178,900
$184,340
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,101
$184,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Central Texas
Unknown
$40,000
No
First
Oct 3, 2012
Oct 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$27,350
$187,650
87%
13%
$240/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: Hamilton

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