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$230,000

NAL Estimated Property Value

5505 King Street, Greenville, TX, 75402

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,221 Sq Ft
price_per_sqft$135.14 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Water Heater
FlooringVinyl

Exterior

Lot Size9,836 sqft

Building Information

Year Built2021
Stories1
Garage Spaces1

Land Information

APN3900-0930-0030-41
SubdivisionLittle Ragsdale & Smith Subdivision
Land UseResidential
Legal DescriptionS3900 LITTLE RAGSDALE & SMITH SUBDIVISION BLK 93 LOT 3 ACRES .2258
Census Tract961300
Assessed Land Value$44,550
Assessed Improvement Value$168,330
Assessment Year2025

About this property

Discover an incredible opportunity to own a modern home priced below market value and sold as-is. Built just five years ago, this property offers strong bones and contemporary design, making it a great option for investors or buyers looking to add their personal touch. Situated on a spacious lot, the home features a two-car carport and an extended driveway with ample parking. Inside, you’ll find an open layout with granite countertops throughout, providing a solid foundation for updates or customization. The primary suite includes an en-suite bathroom and a generously sized walk-in bath closet, offering convenience and potential for enhancement. With its newer construction and desirable features, this property presents a rare chance to secure value and build equity.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$163,944Estimated Mortgage Balance
$66,056Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,870
$212,880
2025
$44,550
$168,330
$212,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,870
$212,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Open End Mortgage / Open End With Future Advance Clause
$176,250
No
First
Aug 26, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,944
$66,056
28%
71%
$1,057/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.

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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: Greenville

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5505 King Street | Property Details | No Agent List