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$385,000

508 N Virginia St, Terrell, TX, 75160

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,464 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$111.14 / sqft
Year BuiltBuilt in 1917

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
AppliancesDishwasher, Gas Oven, Gas Range
FlooringHardwood

Exterior

Lot Size1.32 acres

Building Information

Year Built1917
Stories2
Roof Type110
Garage Spaces4

Land Information

APN00.3720.0391.0001.00.06.06
SubdivisionTerrell Revised
Land UseResidential
Legal DescriptionTERRELL REVISED, LOT 1/1A; & HOUSE & HOUSE
Census Tract050401
Assessed Land Value$86,053
Assessed Improvement Value$274,539
Assessment Year2025

About this property

This Historical Craftsman-style house in the classic Four-square floor plan on an oversized city lot delivers timeless architecture, old-world charm, and an exceptionally rare 1.3-acre lot in the heart of Terrell. This is a property where history, character, and space come together, something seldom found so close to town. The home’s most endearing feature is the wrap-around porch, which captures your attention at first sight. The home’s classic proportions and period details reflect the craftsmanship of a bygone era. You’ve heard the saying “they don’t build them like that anymore”…warm, authentic, timeless…the definition of early 20th century homes. Here, you get that and more. Generous room sizes, tall ceilings (10 feet on the first floor, 9 feet on the second floor), and architectural elements that speak to enduring quality and thoughtful design, even the original pine floors with wood windows (many still have antique “wavy” glass panes). The Dining Room showcases a hidden butler’s pantry, which has been converted to a spacious cedar closet. The grand stair has a service access passage on the back, and a “Harry Potter” closet below. The six main rooms are heated and cooled by top-of-the-line Daiken mini-split systems, giving every room its own thermostat. The expansive lot provides a sense of privacy and possibility rarely available in a central location. Mature trees, open green space, and room to garden, gather, or expand create endless opportunities while still enjoying the convenience of being just moments from Terrell’s shops, dining, and community amenities. Whether you’re drawn to historic homes, dreaming of space to grow, or looking for a truly special property with lasting character, 508 N Virginia St offers a unique opportunity to own a piece of Terrell’s history on one of its most desirable in-town parcels.

Investor Tools

$0Estimated Mortgage Balance
$420,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

Interested in this property?

Matthew Wood

Scout RE Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$545/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,443
$270,566
2025
$86,053
$274,539
$360,592
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,443
$270,566

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$420,000
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: Terrell

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