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$221,000

NAL Estimated Property Value

504 W Main Street, Honey Grove, TX, 75446

$235,763 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$61.5 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesGas Range
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size14,662 sqft

Building Information

Year Built1945
Garage Spaces3

Land Information

APN94880
Lot Number2
Land UseResidential
Legal DescriptionCITY OF HONEY GROVE ADDN, BLOCK 10, LOT 2, ACRES .3366
Census Tract950100
Assessed Land Value$26,100
Assessed Improvement Value$110,620
Assessment Year2025

About this property

The most incredible 2600 sq ft, 1945 home right in the heart of Honey Grove, TX. Just completed new roof June 2022. Just minutes to the new Ralph Hall Lake walking distance to downtown and the park. This home still boasts its original wood trim around ceiling, windows and doors along with 12-foot ceilings. The antique door with half glass leads you up solid wood stairs to the second floor. There you will find two bedrooms and a full bath. The downstairs includes a bedroom with closet, master bedroom suite with bath and closet, dining room with large closets under the stairs and built-in cabinets, breakfast eat in kitchen space, an office with closet that could be used for a 5th bedroom, full size laundry room that is next to the back door for the perfect layout. Most of the flooring in the home is the original hardwood. 3-car garage door metal building with concrete & electric. Would make the cutest short-term rental with the new lake visitors, weekend place or forever home.

Investor Tools

Property Icon
$221,000
Estimated Property Value
$123,404Estimated Mortgage Balance
$97,596Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$235,763
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,326 /month
Positive
Cash Flow Estimate:
$442 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$240/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,777
$136,720
2025
$26,100
$110,620
$136,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,777
$136,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Conventional
$132,430
No
First
Sep 21, 2022
Oct 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,404
$97,596
44%
56%
$794/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: Honey Grove

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504 W Main Street | Property Details | No Agent List