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$243,000

NAL Estimated Property Value

500 Wilkes St, Smithville, TX, 78957

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,153 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.51 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator, Water Heater
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size13,504 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR16696
Lot Number4-5
SubdivisionByrne
Land UseResidential
Legal DescriptionBYRNE, BLOCK 102, LOT 4 & 5
Census Tract950700
Assessed Land Value$60,226
Assessed Improvement Value$129,323
Assessment Year2023

About this property

Embrace the charm of small-town living in this enchanting 3-bed, 2-bath bungalow nestled on a generous double corner lot totaling 0.31 acres in the heart of Smithville, TX. Majestic mature trees invite you into a serene world, complemented by a fenced backyard sanctuary perfect for quiet afternoons. Freshly updated in 2022, the home features stylish butcher block kitchen countertops, crisp white cabinets, and modern flooring with tile and vinyl planks throughout—say goodbye to carpet! Built in 1950 and spanning 1,153 sf, this single-story abode includes a 2-car garage, plus a quaint, vintage storage shed awaiting your revival touch. Positioned on a quiet street with minimal traffic, enjoy the cohesive community vibe. Priced for you to add the final touches and infuse your style, this bungalow is the canvas for your dream dwelling. No HOA!! Roof (on house and 2-car garage) and HVAC unit (inside & outside) were also replaced in 2022. Ready to make your mark? Let’s chat about making this your new home sweet home.

Investor Tools

Property Icon
$243,000
Estimated Property Value
$0Estimated Mortgage Balance
$243,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$189,549
2023
$60,226
$129,323
$189,549
No

Tax History

Year
Tax Paid
Assessed Value
2023
N/A
$189,549

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$243,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
N/A
+$2,088/mo
10.3%

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: Smithville

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500 Wilkes St | Property Details | No Agent List