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$289,900

$295,000

502 Madison St, Cleburne, TX, 76033

On MarketInfo
Price DropInfo
Beds3 Beds
Baths1 Bath
Baths1,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.07 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Gas Cooktop, Gas Oven, Gas Water Heater, Tankless Water Heater, Wine Cooler
FlooringLaminate

Exterior

Exterior FeaturesLighting, Storage
Lot Size12,476 sqft

Building Information

Year Built1983

Land Information

APN126.2800.34340
Lot Number7,9
Land UseResidential
Legal DescriptionLOT 7,9 BLK 616 ORIGINAL CLEBURNE
Census Tract131100
Assessed Land Value$39,000
Assessed Improvement Value$57,736
Assessment Year2025

About this property

This beautifully renovated home has been completely transformed from the ground up with major upgrades and lifetime warranties, offering the feel of a brand-new home while maintaining its established setting. This 3-bedroom, 2-bath property features an open and inviting layout with brand new laminate flooring, fresh sheetrock and paint throughout, updated trim and doors, modern lighting, and recessed LED can lights that brighten every room. The kitchen has been fully redesigned with custom cabinetry, granite countertops, under-cabinet lighting, new appliances, and a stylish mini bar complete with a mini fridge — perfect for entertaining. Both bathrooms have been thoughtfully updated with tile flooring, new custom vanities, LED lighted mirrors, and a new bathtub in the primary bath. Behind the walls, the home has been upgraded with a brand new electrical system, updated plumbing, spray foam insulation throughout, new windows, and a tankless water heater for efficiency and comfort. The exterior showcases major improvements including a new black standing seam metal roof, board and batten siding, fresh paint, a new front porch, privacy fencing, and landscaping upgrades. The spacious yard also features a large 20×35 painted metal workshop with electricity, offering the perfect space for hobbies, storage, or a home business. Additional features include a one-car carport and plenty of outdoor space to enjoy. This home combines modern updates, quality craftsmanship, and functional outdoor space — a rare find with extensive renovations already completed!

Investor Tools

$0Estimated Mortgage Balance
$297,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Meredith Ruiz

HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,157
$96,736
2025
$39,000
$57,736
$96,736
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,157
$96,736

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$316,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
7.8%

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: Cleburne

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502 Madison St | Property Details | No Agent List