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$251,000

NAL Estimated Property Value

475 Locust St, Point, TX, 75472

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,215 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.69 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Range
FlooringLaminate

Exterior

Lot Size13,721 sqft

Building Information

Year Built1957

Land Information

APN4422
Land UseResidential
Legal DescriptionA0206 SUNIGAS RAYMOND TRACT 4 ACRES .315
Census Tract950200
Assessed Land Value$18,099
Assessed Improvement Value$169,833
Assessment Year2025

About this property

This home is sold AS-IS and as a bank approved SHORT-SALE. Charming and fully updated, this quaint home in Point, TX, is move-in ready. This three-bedroom, two-bath home has undergone numerous recent updates in the past few years, including new granite countertops, flooring, paint, decorative lighting, HVAC, appliances, roof, siding, windows, fencing, and a carport. This home sits on just under half an acre and is located in the highly sought-after Rains ISD. The hard work on this home is done, and it is waiting for its new owner! It would be ideal as a starter home, investment property, or even a commercial property due to the great road frontage on Hwy 69. Please be advised, Short Sales can take longer to close and contract must be approved by the Lender.

Investor Tools

Property Icon
$251,000
Estimated Property Value
$162,155Estimated Mortgage Balance
$88,845Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,353
$187,932
2025
$18,099
$169,833
$187,932
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,353
$187,932

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$170,720
No
First
Aug 28, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,155
$88,845
35%
65%
$1,024/mo

City: Point