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$40,000

503 Correll Ave, Wharton, TX, 77488

PendingInfo
Beds2 Beds
Baths1 Bath
Baths900 Sq Ft
price_per_sqft$44.44 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size6,599 sqft

Building Information

Year Built1970

Land Information

APN25565
Lot Number7
SubdivisionWashington Homes
Land UseResidential
Legal DescriptionWASHINGTON HOMES BLOCK 5 LOT 7
Census Tract740400
Assessed Land Value$12,542
Assessed Improvement Value$25,777
Assessment Year2025

About this property

Investors opportunity! This 2-bedroom 1 bath home needs a total renovation. The possibilities are endless. minutes away from new developed homes in Wharton Lakes as well as new businesses, restaurants and schools

Investor Tools

$0Estimated Mortgage Balance
$76,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$456 /month
Positive
Cash Flow Estimate:
$152 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$98/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$795
$38,319
2025
$12,542
$25,777
$38,319
No

Tax History

Year
Tax Paid
Assessed Value
2025
$795
$38,319

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$76,000
100%
0%
$0/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: Wharton

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503 Correll Ave | Property Details | No Agent List