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B+
NoAgentList RatingHow are grades calculated?Info
Days25Days on Market
Views1view
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$319,900

$329,900

5155 Fm 1504, Wills Point, TX, 75169

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,821 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.67 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCarpet, Vinyl

Exterior

Lot Size1.65 acres

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APN026.0343.0130.0000.0000
Land UseResidential
Legal DescriptionACRES: 1.650 ABST: 343 SUR: T HAYS
Census Tract950300
Assessed Land Value$105,150
Assessed Improvement Value$194,430
Assessment Year2025

About this property

Charming country property on 1.65 acres in the highly sought-after Edgewood ISD with convenient access to I-20 and Highway 80 for an easy commute. Large shade trees and plenty of parking create a welcoming first impression, while the small front porch and oversized back patio offer great spaces to relax and enjoy the outdoors. The main home features 3 bedrooms and 2 bathrooms with a spacious living area highlighted by a cozy brick fireplace, rustic accents, and durable vinyl wood plank flooring throughout. The kitchen offers a large island, dishwasher, electric range, and ample workspace for cooking and entertaining. A generous laundry area adds extra convenience. The primary suite includes an ensuite bath and walk-in closet. The fenced backyard provides room for pets, play, or gardening. A unique bonus is the separate 600 sq ft living quarters created from the former garage, complete with its own living room, bedroom, kitchenette, and full bathroom. Ideal for guests, extended family, rental income potential, or a private home office setup.

Investor Tools

$66,179Estimated Mortgage Balance
$390,182Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,736 /month
Positive
Cash Flow Estimate:
$912 /month

Interested in this property?

Sherry Moore

Century 21 NexGen Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$544/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,245
$299,580
2025
$105,150
$194,430
$299,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,245
$299,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelity Bank
Conventional
$84,000
No
First
May 7, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$66,179
$376,821
85%
15%
$504/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: Wills Point

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5155 Fm 1504 | Property Details | No Agent List