Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$459,500

$464,500

511 S Sulphur St, Leonard, TX, 75452

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths3,105 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.99 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Ice Maker
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Fire Pit, Rain Gutters
Lot Size39,073 sqft

Building Information

Year Built1997
Garage Spaces2

Land Information

APN80461
Land UseResidential
Legal DescriptionA0783 M MOORE, ACRES .897
Census Tract950701
Assessed Land Value$128,160
Assessed Improvement Value$339,860
Assessment Year2025

About this property

**GUEST HOUSE • ADU • MULTI-GENERATIONAL LIVING • HEATED POOL & SPA • NEARLY 1 ACRE • NO HOA!** Rare opportunity in Leonard, TX offering flexible living space, potential rental income and room to entertain. This move-in-ready property features a spacious **5-bedroom, 3-bath main home PLUS a private 868-SF guest house ADU**—ideal for a mother-in-law suite, extended family, guests, home office or potential income-producing space. The separate guest house features its **own private entrance, full kitchen, bedroom, bathroom and laundry**, providing true independent living. Inside the main home, enjoy an open-concept layout, wood-burning fireplace, plantation shutters and a beautifully remodeled kitchen (2025) featuring upgraded cabinetry, granite countertops, abundant storage and modern finishes. Recent improvements include a **Class 3 impact-resistant roof (2025)**, 3-car carport (2024), exterior lighting and automated sprinkler system. Step outside to your own private backyard retreat with a **heated in-ground pool and spa**, pergola-covered entertaining area, mature landscaping, pool house and plenty of outdoor space on approximately **0.90 acre**. Additional improvements include a new pool pump and vacuum (2025) and guest house roof (2022). Conveniently located near **Highways 69 and 78** with easy access to surrounding North Texas communities while enjoying small-town Leonard living. **NO HOA.** Whether you're searching for a **multi-generational home, property with a guest house, mother-in-law suite, ADU, separate living quarters, home with a pool, or potential rental-income property**, 511 S Sulphur offers a combination that's difficult to find. **Schedule your private showing today!** 3107 sqft total on the main hpuse and the apartment.

Investor Tools

$335,552Estimated Mortgage Balance
$133,550Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,808 /month
Positive
Cash Flow Estimate:
$936 /month

Interested in this property?

Stephen Ash

eXp Realty LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$764/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$468,020
2025
$128,160
$339,860
$468,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$468,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$347,500
No
First
Aug 20, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,552
$132,468
28%
72%
$2,084/mo

City: Leonard