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$350,000

5250 Fm 2494, Athens, TX, 75751

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,335 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.89 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesNone

About this property

This is the kind of home that is simply **screaming, “Bring me back to beautiful!”** Once a true showstopper, this spacious 3-bedroom, 3-bath home is filled with character, charm, and incredible potential. Original wood floors run throughout much of the home, while rounded doorways add an English cottage feel you just don’t find in newer construction. The spacious, flowing floor plan offers plenty of room to reimagine each space and make it uniquely your own. An attached apartment, previously used as a man cave, offers even more possibilities—guest quarters, home office, studio, game room, or whatever fits your lifestyle. And wait until you see the laundry room—it’s the kind of oversized, functional space laundry-room dreams are made of! The beautiful property offers a peaceful setting while still being located within city limits. Pipe fencing on 3 sides. Ready for Horses or Cattle The home has been vacant for an extended period and will require renovation, including the kitchen, but the bones, space, and character are here for someone with vision and creativity to bring this special property back to life. The working water well has a high iron content, and there are three septic systems located on the property. The home was moved to the property in 1964. This property is being sold as part of an estate, and the family heirs have not lived in the home. Being sold AS IS. **In its day, this home was a showstopper. With the right vision, it could absolutely be one again.**

Investor Tools

$0Estimated Mortgage Balance
$423,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,538 /month
Positive
Cash Flow Estimate:
$846 /month

Interested in this property?

Kimberly Oliver

Keller Williams Realty Athens

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
No HOA
5.947%

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: Athens

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5250 Fm 2494 | Property Details | No Agent List