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$191,371

NAL Estimated Property Value

505 S Home St, Corrigan, TX, 75939

$248,782 ARVInfo
Off MarketInfo
CommercialInfo
Beds4 Beds
Baths3 Bath
Baths2,930 Sq Ft
price_per_sqft$64.85 / sqft
Year BuiltBuilt in 1945

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.36 acres

Building Information

Year Built1945
Roof Type115

Land Information

APN10754000800
SubdivisionAbst 754 D Williams Survey
Land UseCommercial
Legal DescriptionABST 754 D WILLIAMS SURVEY TRACT 8 & 9
Census Tract210402
Assessed Land Value$38,073
Assessed Improvement Value$153,298
Assessment Year2025

About this property

Currently used as a duplex but easily converted to a single-family home! This fully furnished property sits on 1.36 acres with a fenced yard, ample parking, and room to add another home. The converted garage serves as a 4th bedroom and would make a great mother-in-law suite with its own entrance, kitchenette, and living area. Features include a roof replaced in 2018, 2 new HVAC units, and handicap-accessible features. Tenant will vacate at the time of sale. With its flexible layout and furnishings, this home would make an excellent short-term rental or multi-generational living space! HOME MAY ALSO BE SOLD WITH 0.75 ACRE FOR $175,000. Currently under construction, once complete the loop will divert heavy traffic away from Corrigan.

Investor Tools

Property Icon
$191,371
Estimated Property Value
$104,078Estimated Mortgage Balance
$87,293Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$248,782
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,148 /month
Positive
Cash Flow Estimate:
$383 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,839
$191,371
2025
$38,073
$153,298
$191,371
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,839
$191,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$112,500
No
First
May 18, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,078
$87,293
45%
54%
$675/mo

City: Corrigan

505 S Home St | Property Details | No Agent List