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$306,000

NAL Estimated Property Value

507 W Spruce Street, Whitewright, TX, 75491

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,600 Sq Ft
price_per_sqft$187.44 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Lot Size19,471 sqft

Building Information

Garage Spaces2

Land Information

APNX003 4508002
Lot Number4
SubdivisionSpearman Addn
Land UseResidential
Legal DescriptionSPEARMAN ADDN, BLOCK 3, LOT 4, E 46'FT OF 3 & W 46', OF 5, 137X142, ACRES .4470 137X142
Census Tract000102
Assessed Land Value$72,044
Assessment Year2025

About this property

PRICE IMPROVEMENT! Welcome to 507 W Spruce St. This newly constructed and very modern custom built home exudes curb appeal and is ready for immediate move in! Right as you arrive to this residence you will notice the attractive paint colors, modern fixtures, and the best part, an oversized front porch featuring wrought-iron fencing, perfect for relaxing with your morning coffee. This open concept home features soaring 9 ft ceilings, custom interior door and window trim, a towering, 8 foot front door, designer paint colors and light colored, luxury vinyl plank flooring. The stunning features high end, leathered granite countertops, an oversized island with custom fluted beadboard, stainless steel appliances, under cabinet lighting, and a stylish tiled backsplash. The walk in pantry has built in butcher block shelves to stow away all of your small appliances, leaving your beautiful counter tops uncluttered. The primary bedroom is oversized and features an ensuite bath complete with a tiled shower and glass door, double vanities, and a large walk in closet. The yard is fully sodded front and back and has a stained, 6 foot wooden privacy fence. Beautiful mature tree in the backyard offers plenty of shade. Builder added some cool extra touches, including the dyed concrete on the oversized driveway and front porch, setting this one apart from your cookie cutter new builds. This wonderful home also features encapsulated spray foam insulation in the walls and attic, providing energy efficiency and comfort year round. Builder will provide a warranty at closing.

Investor Tools

Property Icon
$306,000
Estimated Property Value
$200,031Estimated Mortgage Balance
$105,969Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,836 /month
Positive
Cash Flow Estimate:
$612 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,336
$72,044
2025
$72,044
N/A
$72,044
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,336
$72,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rock Mortgage Services Lp
Conventional
$203,000
No
First
Jul 22, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,031
$105,969
34%
65%
$1,218/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: Whitewright

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507 W Spruce Street | Property Details | No Agent List