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$80,650

NAL Estimated Property Value

609 E Elm Street, Hillsboro, TX, 76645

$104,845 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,301 Sq Ft
price_per_sqft$115.22 / sqft

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer

Exterior

Lot Size9,583 sqft

Building Information

Year Built1945
Garage Spaces2

Land Information

APN112436
SubdivisionGeorge Addition
Land UseCommercial
Legal DescriptionGEORGE LT 5A & 6B
Census Tract960900
Assessed Land Value$3,790
Assessed Improvement Value$76,860
Assessment Year2025

About this property

Step into timeless charm with this cozy 1930s home located just minutes from the heart of Hillsboro! This inviting 2-bedroom, 1-bath home offers 1,301 sq ft of comfortable living space and is perfect for first-time homebuyers or anyone looking for classic character with everyday convenience. Relax and unwind on the large covered front porch—ideal for morning coffee or evening sunsets. Inside, you’ll find beautiful hardwood flooring throughout the main living areas, with soft carpet in the bedrooms for added comfort. The home features a spacious living room, dedicated dining area, and a functional kitchen, all filled with an abundance of natural light that creates a warm and welcoming atmosphere. All appliances convey, making this home truly move-in ready! Step outside to a fully fenced backyard—perfect for pets, play, or entertaining. The property also includes a detached oversized 2-car garage, offering plenty of room for parking, storage, or a workshop. Conveniently located close to downtown Hillsboro and the town square, you’ll enjoy easy access to shopping, dining, and local charm while still having a quiet place to call home.

Investor Tools

Property Icon
$80,650
Estimated Property Value
$276,525Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$104,845
Rent-to-Value Ratio: 0.72%
Rent Estimate
$899 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$64/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$368
$80,650
2025
$3,790
$76,860
$80,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$368
$80,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Citizens National Bank Of Hillsboro
Open End Mortgage / Open End With Future Advance Clause
$300,000
No
First
Apr 11, 2022
May 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,525
N/A
0%
343%
$1,799/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: Hillsboro

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609 E Elm Street | Property Details | No Agent List