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Days41Days on Market
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$29,900

704 E 8th Street, Bonham, TX, 75418

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,415 sqft

Land Information

APN92429
Lot Number24R
Land UseResidential
Legal DescriptionINGLISH ESTATE ADDN, BLOCK 18R, LOT 24R, ACRES .285
Census Tract950402
Assessed Land Value$48,000
Assessment Year2025

About this property

*Owner Financing Available - Contact Listing Agent for details or questions* Build your future in the growing community of Bonham with this spacious residential lot offering just over a quarter acre of opportunity. The level terrain provides an ideal foundation for new construction. Mature trees along the back of the property create a natural privacy buffer, perfect for enjoying outdoor gatherings, relaxing evenings, or future backyard amenities. Whether you’re planning a custom home, investment property, or exploring the potential for duplex development (subject to city approval), this property offers flexibility and long-term potential in an expanding area. Conveniently located near local shopping, grocery stores, restaurants, schools, and everyday essentials, the property also provides easy access to popular area destinations including Bonham State Park, historic downtown Bonham, and Lake Bonham for outdoor recreation and fishing. Commuters and investors alike will appreciate the property’s accessibility to the greater Dallas–Fort Worth metroplex, offering small-town living with convenient connections to the Metroplex. With growth continuing throughout North Texas, this property presents an excellent opportunity to build, invest, or hold for the future.

Investor Tools

Property Icon
$61,000
Estimated Property Value
$0Estimated Mortgage Balance
$61,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$366 /month
Positive
Cash Flow Estimate:
$122 /month

Interested in this property?

Hope Liebel

Weichert Realtors-Solid Ground

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$106/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$963
$48,000
2025
$48,000
N/A
$48,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$963
$48,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$61,000
100%
0%
$0/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: Bonham

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