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B+
NoAgentList RatingHow are grades calculated? Info

$415,000

615 E Newberry St, Pilot Point, TX, 76258

$539,500 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,764 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.14 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Lot Size15,682 sqft

Building Information

Year Built1978
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR41397
SubdivisionC. Smith
Land UseResidential
Legal DescriptionA1139A C. SMITH, TR 501, .36 ACRES
Census Tract020118
Assessed Land Value$87,213
Assessed Improvement Value$309,574
Assessment Year2025

About this property

Rare find... almost 3 quarters of an acre, pool and quiet neighborhood with NO HOA! 3 bedroom and 1.5 baths downstairs and large upstairs bedroom with bath. Baths and flooring were update in 2018.Wood look tile downstairs and LVP upstairs for less noise. There is a great area in the back of the yard for either out of site storage or perhaps a dog run. The pool area is fenced and there is a large store building or could be a play house behind the garage. The possibilities are endless in this unique property.Professional photos online Wednesday March 29 !

Investor Tools

Property Icon
$396,787
Estimated Property Value
$390,100Estimated Mortgage Balance
$0Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$539,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$702/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,443
$396,787
2025
$87,213
$309,574
$396,787
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,443
$396,787

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Credit Line (Revolving) / Heloc
$209,250
No
First
Sep 22, 2017
Oct 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$540,488
N/A
0%
136%
$3,594/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$3,594/mo
$-1,022/mo
7.8%

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: Pilot Point

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615 E Newberry St | Property Details | No Agent List