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$285,000

531 E Division St, Pilot Point, TX, 76258

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,575 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.95 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size24,306 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR41363
SubdivisionC. Smith
Land UseResidential
Legal DescriptionA1139A C. SMITH, TR 68, .558 ACRES
Census Tract020118
Assessed Land Value$101,767
Assessed Improvement Value$195,830
Assessment Year2025

About this property

Beautifully updated single story home nestled on an over-sized half acre lot in Pilot Point. This 3 bedroom, 2 bath features extensive luxury vinyl plank and hardwood flooring as well as fresh interior paint throughout. This floor plan offers ample space to entertain family and friends with 2 living areas plus a bonus room that could be used as a third living area, game room or home office. Fall in love with the fully equipped kitchen with a gas range, granite counter-tops, bright white cabinetry and island. The inviting family room is highlighted by a warm wood burning fireplace and an easy flow into the kitchen. Escape after a long day to the primary bedroom complete with a luxurious updated en suite bath. Lastly, take full advantage of this large backyard and all that it has to offer. Charming Pilot Point is just minutes to Ray Roberts Lake. Welcome home!

Investor Tools

Property Icon
$297,597
Estimated Property Value
$285,000Estimated Mortgage Balance
$25,820Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,786 /month
Positive
Cash Flow Estimate:
$595 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,221
$297,597
2025
$101,767
$195,830
$297,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,221
$297,597

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$285,000
No
First
Nov 3, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,777
$25,820
8%
91%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,709/mo
+$263/mo
8.0%

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.

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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: Pilot Point

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531 E Division St | Property Details | No Agent List