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$298,500

612 9th St, Terrell, TX, 75160

$320,200 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,489 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.93 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Cooktop, Electric Oven, Electric Range
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size26,615 sqft

Building Information

Year Built1961
Stories2
Roof Type105
Garage Spaces4

Land Information

APN00.0807.0000.0001.00.06.06
Lot Number1
SubdivisionCunningham Addition
Land UseResidential
Legal DescriptionCUNNINGHAM ADDITION, LOT 1; & HOUSE & HOUSE
Census Tract050402
Assessed Land Value$53,230
Assessed Improvement Value$257,017
Assessment Year2025

About this property

This home came out of probate in August. Probate APPRAISAL at $350,000 is posted in documents section. Property is rough and needs some TLC. Room for repairs and upgrades at this under $300,000 price point. Here's your chance to own a mid century, priced +$50k under the probate appraisal. Three living areas in the home plus enclosed back patio porch area. Detached 2 car garage with workshop or separate storage room. Two bedrooms, two full baths downstairs plus full bath upstairs. Third living area with knotty pine paneling upstairs and adjacent cedar closet. Nearly two-thirds acre, huge backyard, circle drive in front, detached garage in rear. Very spacious rooms throughout. At this price Seller does not intend to provide concessions or perform any repairs. Current lien at $255,000 is for a reverse mortgage payoff.

Investor Tools

$412,724Estimated Mortgage Balance
$316,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$320,199
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

Interested in this property?

Larry Hurley

Green Oaks Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$412/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,364
$310,247
2025
$53,230
$257,017
$310,247
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,364
$310,247

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Reverse Mortgage / Hecm
$459,000
No
First
Feb 19, 2021
Apr 2093

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$412,724
N/A
0%
131%
$2,752/mo

City: Terrell

612 9th St | Property Details | No Agent List