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$195,000

$205,000

502 E College St, Leonard, TX, 75452

$241,784 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,824 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.91 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Range
FlooringCarpet, Laminate

Exterior

Lot Size7,000 sqft

Building Information

Year Built1998
Garage Spaces1

Land Information

APN89329
Land UseResidential
Legal DescriptionCOOPER ADDN, LOT W 1/2 OF 11, ACRES .1607
Census Tract950701
Assessed Land Value$44,100
Assessed Improvement Value$230,550
Assessment Year2025

About this property

Spacious 3-bedroom, 2-bath home offering approximately 1,824' & 1-car garage. Open, comfortable floor plan features an exceptionally large living area & spacious dining room with plenty of room for entertaining. The generously sized kitchen offers an abundance of cabinets, ample countertop space, a breakfast bar and an open connection to the surrounding living areas. All three bedrooms provide comfortable accommodations, while the covered patio creates a pleasant outdoor space for relaxing or gathering with friends & family. Home is ready for a buyer’s personal touches, including fresh paint, flooring and selected appliance updates. View the virtually staged AI photos to see just how easily this spacious property could become an adorable and inviting place to call home while already offering a spacious & functional layout with plenty of potential. Conveniently located near Leonard ISD campuses, local shopping, restaurants, parks, with easy access to US Highway 69 for travel toward McKinney, Plano, & greater N. TX area. Outdoor recreation, fishing, boating, camping, & trails at nearby Lake Bonham & Bonham State Park. Come explore the possibilities this Leonard property has to offer! Property subject to 3-Day Wait Period, seller will negotiate offers after the period expires-Monday, August 10, 26 - you can start submitting an offer after this date but not before. Cash offers require 10% EMD or $1,000 minimum, whichever is greater, all financed offers require 1% EMD or $1,000 minimum, whichever is greater. Seller does not accept blind offers, escalation clauses, LOI, or assignments. (which means ALL INVESTORS MUST VIEW THE PROPERTY WITH A LICENSED AGENT WHO MUST FOLLOW ALL SELLER INSTRUCTIONS), escalation clauses, LOI, or assignments. Buyers & their agent's responsibility to verify all info contained herein incl but not limited to condition, rm sizes, amenities, schools, acreage, flood plain information, foundation, roof, etc, & overall condition of the property.

Investor Tools

$105,444Estimated Mortgage Balance
$227,189Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$241,783
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,992 /month
Positive
Cash Flow Estimate:
$664 /month

Interested in this property?

Michele Boyd

Excel Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,828
$274,650
2025
$44,100
$230,550
$274,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,828
$274,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$189,000
No
First
Jun 21, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,444
$226,556
68%
32%
$1,225/mo

City: Leonard