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$312,000

NAL Estimated Property Value

502 E Collom St, Decatur, TX, 76234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,462 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.46 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Disposal, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Hardwood, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Rain Barrel/Cistern(s), Garden
Lot Size7,492 sqft

Building Information

Year Built1945
Stories1
Roof Type158
Garage Spaces2

Land Information

APND2790.0192.00
Lot Number2
SubdivisionSouth Decatur
Land UseResidential
Legal DescriptionLOT PT 2 BLK 52 SOUTH DECATUR
Census Tract150201
Assessed Land Value$61,875
Assessed Improvement Value$222,633
Assessment Year2025

About this property

Step into this storybook 1945 Craftsman, where timeless character meets thoughtful modern upgrades. The owners JUST converted the former study off the kitchen into a comfortable bedroom, adding flexibility for guests, multigenerational living, or a private home office—all while preserving the home’s original charm. From the moment you arrive, you’ll be drawn to the inviting curb appeal, framed by lush landscaping, colorful blooms, and a lovingly maintained exterior that radiates warmth. Inside, natural light pours across original hardwood floors that flow through spacious living and dining areas, and the original staircase—perfect for cozy evenings or lively gatherings. Vintage architectural details blend seamlessly with modern comforts, creating an atmosphere that’s both stylish and welcoming. The main level features a generous bedroom and a beautifully remodeled full bath with granite countertops and elegant finishes. The cheerful eat-in kitchen provides a cozy space for everyday meals and conversation, opening directly to the converted bedroom for added versatility. Upstairs, discover your private retreat: an expansive second bedroom with gleaming hardwood floors and an ensuite bath. This serene space offers room for a reading nook, yoga corner, or creative studio, or even a playroom for the kids. Step outside to your garden oasis. The landscaped front and side yards feature a flourishing raised bed planted with cantaloupe, basil, rosemary, and colorful flowers—ideal for the gardening enthusiast. The backyard is a peaceful haven with space for entertaining, play, or quiet relaxation, complete with a designated chicken coop area for those dreaming of a sustainable lifestyle. A detached two-car garage provides ample parking and includes a workbench area ideal for projects, hobbies, or extra storage. With its perfect blend of historic charm, modern updates, and serene outdoor living, this Craftsman is more than a house—it’s a place to truly call home.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$191,487Estimated Mortgage Balance
$120,513Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$284,508
2025
$61,875
$222,633
$284,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$284,508

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Contour Mortgage Corp
Va
$213,379
Yes
First
Jan 22, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,487
$120,513
38%
61%
$1,280/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.

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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: Decatur

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502 E Collom St | Property Details | No Agent List