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$394,000

724 E Hughes Street, Collinsville, TX, 76233

On MarketInfo
Baths0 Bath
Baths1,368 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size1.26 acres

Building Information

Year Built1987
Garage Spaces1

Land Information

APNC003 5653001
Lot Number10-12
SubdivisionOtp Collinsville
Land UseResidential
Legal DescriptionOTP COLLINSVILLE, BLOCK ALL 3 LESS LOT 10 11 12 & PT 9, ACRES 1.263
Census Tract001902
Assessed Land Value$95,728
Assessed Improvement Value$1,815
Assessment Year2025

About this property

Prime development opportunity in desirable Collinsville, TX! This shovel-ready property is fully approved for 5 residential lots with city approvals, full plans, and survey already completed. All the prep work is done—just bring your builder and start developing. Great location near schools, shopping, and the growing North Texas corridor. A rare, ready-to-build opportunity in a fantastic community!

Investor Tools

$583,991Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,526 /month
Positive
Cash Flow Estimate:
$842 /month

Interested in this property?

Jason Danford

Great Western Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,677
$90,613
2025
$95,728
$1,815
$97,543
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,677
$90,613

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dulce Dog Family
Building Or Construction Loan
$600,000
No
First
Nov 6, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$583,991
N/A
0%
139%
$3,598/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Collinsville

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724 E Hughes Street | Property Details | No Agent List