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$232,500

516 Patterson Street, Bowie, TX, 76230

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.39 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Range
FlooringCeramic Tile

Building Information

Year Built1970

Land Information

APNR000001129
Lot Number10
SubdivisionHillcrest
Land UseResidential
Legal DescriptionLOT 10 BLK 2 HILLCREST
Census Tract950502
Assessed Land Value$8,650
Assessed Improvement Value$197,560
Assessment Year2025

About this property

Buyer's financing fell through so you have another chance to own this meticulously remodeled to perfection! This gorgeous four bedroom, two bath home is just what your family has been looking for and so much more. Beautifully designed layout with open kitchen * updates include appliances * cabinets * plumbing fixtures * kitchen sink and countertops * sheetrock and paint * flooring throughout * energy efficient windows * interior and exterior doors * composition shingle roof * light switches and outlets * updated tile and fixtures in bathrooms * light fixtures * HVAC replaced in 2021 with new duct work * updated electrical panel * Extra blown in insulation * privacy fenced backyard * large corner lot and concrete pad for extra parking, workshop or pool house. Super adorable and efficient for buyers on budget!!! Available for Immediate Move In!

Investor Tools

Property Icon
$240,000
Estimated Property Value
$0Estimated Mortgage Balance
$28,242Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$185/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,023
$206,210
2025
$8,650
$197,560
$206,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,023
$206,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$218,250
No
First
Sep 26, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,758
$28,242
11%
88%
$1,309/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: Bowie

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516 Patterson Street | Property Details | No Agent List