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B+
NoAgentList RatingHow are grades calculated? Info

$197,750

505 W Locust St, Whitewright, TX, 75491

$227,174 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.47 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Electric Water Heater
FlooringCarpet, Linoleum

Exterior

Exterior FeaturesStorage
Lot Size10,629 sqft

Building Information

Year Built1962
Garage Spaces2

Land Information

APNX001 4505340
SubdivisionOtp Whitewright
Land UseResidential
Legal DescriptionOTP WHITEWRIGHT, BLOCK 49, ACRES .244
Census Tract000102
Assessed Land Value$47,829
Assessed Improvement Value$133,492
Assessment Year2025

About this property

1962 Built Brick Home on city lot that is 145x142. Pier&Beam foundation for easy access down under. Home has been loved by the current owner for many years and is now unable to address the needs of repair. Home offers 3br,2ba LR, Kit and step down den with wood burning fireplace. Large Primary bedroom with en-suite and additional exterior door that opens out onto the wood deck. Fenced backyard and small storage shed to convey. Mature and established neighborhood.

Investor Tools

Property Icon
$237,000
Estimated Property Value
$0Estimated Mortgage Balance
$237,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$227,173
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,677
$181,321
2025
$47,829
$133,492
$181,321
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,677
$181,321

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$237,000
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.

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: Whitewright

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505 W Locust St | Property Details | No Agent List