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$149,500

515 Martin Luther King St, Denison, TX, 75020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,234 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.15 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size7,501 sqft

Building Information

Year Built2018

Land Information

APND002 3223274
Lot Number13
SubdivisionWashington Heights Addn
Land UseResidential
Legal DescriptionWASHINGTON HEIGHTS ADDN, BLOCK 18, LOT 13
Census Tract000501
Assessed Land Value$38,250
Assessed Improvement Value$169,520
Assessment Year2025

About this property

MOVE IN READY or great INVESTMENT PROPERTY! Close to downtown Denison & minutes away from Texoma Regional Hospital, Sports Complex. Built by Scott Moody Homes, LLC in 2018. The Cottage floorplan delivers quality features at an affordable price. Craftsman style w-expansive front porch, open floorplan, tall ceilings & transitional styling flooded w-natural light. The kitchen has stainless steel appliances, granite and spacious pantry. Enjoy the large back yard with mature trees . Here is your Energy efficient & easy to manage home!

Investor Tools

Property Icon
$214,000
Estimated Property Value
$142,025Estimated Mortgage Balance
$43,445Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,284 /month
Positive
Cash Flow Estimate:
$428 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,942
$207,770
2025
$38,250
$169,520
$207,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,942
$207,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$142,025
No
First
Jul 7, 2020
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,555
$43,445
20%
80%
$1,137/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Denison

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515 Martin Luther King St | Property Details | No Agent List