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$230,000

506 N Parmele Street, Leonard, TX, 75452

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.06 / sqft
Year BuiltBuilt in 1918

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size14,000 sqft

Building Information

Year Built1918

Land Information

APN90521
Lot Number1,2
Land UseResidential
Legal DescriptionWILSON PENDERGRASS ADDN, BLOCK 6, LOT 1,2
Census Tract950701
Assessed Land Value$70,700
Assessed Improvement Value$129,010
Assessment Year2025

About this property

NEW HARDIE BOARD SIDING with an extra layer behind for insulating purposes * NEW EXTERIOR PAINT * NEW WINDOWS * LEVELED * NEW KITCHEN STOVE * FRESHLY INSTALLED FLOWERBEDS. In 2020 NEW HVAC. In 2019, new flooring, interior paint, all new light fixtures and fans. This property includes two town lots to give you extra space for many possibilities (see attached survey), large fenced in backyard and a storage building. This classic home features LARGE bedrooms, an eat in Kitchen and a very LARGE Dining Room, Office or whatever you want it to be. Natural lighting is captured throughout this home, even in the nice sized laundry room, when you walk-in you will experience it for yourself. The historical town of Leonard is centrally located to McKinney, Sherman, Greenville and Bonham for those who have to commute. All measurements to be verified by buyer due to MLS input rules.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$369/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,274
$199,710
2025
$70,700
$129,010
$199,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,274
$199,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$201,286
Yes
First
May 5, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,136
N/A
0%
108%
$1,566/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: Leonard

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506 N Parmele Street | Property Details | No Agent List