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$185,000

505 Wise St, Newark, TX, 76071

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,148 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.15 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop
FlooringCarpet, Tile

Exterior

Lot Size12,284 sqft

Building Information

Year Built1982
Stories1
Roof Type158
Garage Spaces1

Land Information

APNR1970.0552.02
Lot Number30
SubdivisionNewark Beach Estates
Land UseResidential
Legal DescriptionLOT 30 BLK 10 NEWARK BEACH ESTATES
Census Tract150603
Assessed Land Value$51,291
Assessed Improvement Value$151,157
Assessment Year2025

About this property

Great Home! Welcome to your new home in Newark, Texas, country living close to the city! Inside this spacious, open concept layout, you'll find a remodeled 2-bedroom 1 bathroom home on a sprawling huge lot in Northwest ISD. with fresh paint, and much more. The beautiful mature trees provide shade in hot Texas summers. The large lot offers plenty of room for gardening, playing, or simply enjoying the peaceful surroundings. High speed available, easy access to the metroplex, and only 10 minutes to Walmart and shopping make this the perfect home. No HOA or restrictions. Information deemed reliable but not guaranteed. Buyer & buyer's agent to verify all info for measurements & schools.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$167,850Estimated Mortgage Balance
$86,383Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,441
$202,448
2025
$51,291
$151,157
$202,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,441
$202,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$167,850
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,617
$86,383
35%
65%
$1,007/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: Newark

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505 Wise St | Property Details | No Agent List