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$120,000

605 W Main St, Honey Grove, TX, 75446

$155,291 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,656 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$72.46 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Oven
FlooringLaminate, Tile

Exterior

Lot Size11,500 sqft

Building Information

Year Built1900
Garage Spaces2

Land Information

APN74906
Land UseResidential
Legal DescriptionA0348 S ERWIN, ACRES .264
Census Tract950100
Assessed Land Value$23,350
Assessed Improvement Value$61,200
Assessment Year2025

About this property

MOTIVATED SELLER. PRICE HAS BEEN DROPPED DRASTICALLY TO SELL.. Welcome Home. Enjoy the small town living on Main Street of Honey Grove. Close to the Bois d'Arc Lake, the newest major reservoir in Texas in over 30 years!! this lake was built to to supply drinking water to the growing region. You can enjoy fishing and recreational sports. This is just a lovely town and the growth is exploding. Relax on the covered porch with new steps and hand railing. Four spacious bedrooms and 2 full baths . This home has a large fenced private back yard including a .25 acre of land with a shed and chicken coop. The owner updated the hot water heater to tankless in 2019. And there is a gas range as well. This is a great opportunity to bring your ideas to update and make this historic home your own.

Investor Tools

Property Icon
$127,000
Estimated Property Value
$122,735Estimated Mortgage Balance
$6,795Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$155,290
Rent-to-Value Ratio: 0.72%
Rent Estimate
$762 /month
Positive
Cash Flow Estimate:
$254 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$94/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$496
$84,550
2025
$23,350
$61,200
$84,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$496
$84,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Direct Mortgage Llc
Fha
$122,735
Yes
First
Mar 24, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,205
$6,795
5%
95%
$736/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: Honey Grove

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