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$89,999

$95,000

490 S First Ave, Stephenville, TX, 76401

$116,999 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths956 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.14 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Deal ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesElectric Range, Electric Water Heater
FlooringSimulated Wood, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size7,579 sqft

Building Information

Year Built1930

Land Information

APNR000033542
Lot Number8
SubdivisionSouth Side Addition
Land UseResidential
Legal DescriptionS6200 SOUTH SIDE ADDITION, BLOCK 11;, LOT 8; (S70 )
Census Tract950600
Assessed Land Value$40,000
Assessed Improvement Value$62,070
Assessment Year2025

About this property

Unlock the potential of this 1930 home situated on a desirable corner lot just minutes from the ever-growing Tarleton State University. Offering 956 square feet, this 2-bedroom, 1-bath home also includes a small bonus room that could serve as an office, hobby space, or extra storage. This property is truly a diamond in the rough and is ready for someone with vision. While it needs significant TLC, the possibilities are endless. Restore the charm of this vintage home with a complete renovation or take advantage of the prime location and rebuild to maximize its investment potential. With the strong demand for housing near the university, this lot could be an excellent site for a duplex or income-producing rental property (subject to local zoning and city approval). Whether you’re an investor, builder, or someone looking for your next renovation project, this property offers an incredible opportunity to create value in a rapidly growing area. Don’t miss your chance to invest in a location with endless potential!

Investor Tools

$226,174Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$116,999
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

Interested in this property?

J HAMPTON

J.J. HAMPTON REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$102,070
2025
$40,000
$62,070
$102,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$102,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Members Trust Of The Southwest Fcu
Unknown
$230,580
No
First
Jun 5, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,174
N/A
0%
129%
$1,383/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: Stephenville

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490 S First Ave | Property Details | No Agent List