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$305,000

801 Wes Michael Rd, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,764 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.55 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size20,473 sqft

Building Information

Year Built1973
Garage Spaces2

Land Information

APN92668
Lot Number3
Land UseResidential
Legal DescriptionLINDAWOOD ACRES ADDN 3, LOT 3, TODD
Census Tract950402
Assessed Land Value$63,880
Assessed Improvement Value$233,560
Assessment Year2025

About this property

EXCLUSIVE LENDER INCENTIVE! Charming brick ranch in the coveted Lindawood Acres neighborhood! This lovely home sits on a spacious .47-acre lot with a fenced backyard and towering mature trees. Enjoy the convenience of a 20x9 shed with electric and 220V outlet, perfect for storage or a small workshop. The shed features an attached carport which offers extra space for boat or car parking, while the large driveway ensures plenty of room for guests. The 2-car garage provides even more storage options. Inside, you'll find 3 cozy bedrooms, 2 full baths, a formal living room, and a main living area with a brick wood-burning fireplace. The updated kitchen features white cabinets, decorative backsplash, a brand-new gas stove, concrete countertops, stainless steel appliances, and a large pantry, all opening up to the dining area. Plus, the home features a spacious laundry room and plenty of storage throughout. Vinyl flooring, crown molding, and natural light make this home feel warm and inviting. Easy drive to restaurants, shopping, VA Medical Center and more! A true gem in the heart of Bonham!

Investor Tools

Property Icon
$305,000
Estimated Property Value
$300,000Estimated Mortgage Balance
$7,615Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,642
$297,440
2025
$63,880
$233,560
$297,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,642
$297,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Encompass Lending Group Lp
Va
$300,000
Yes
First
Nov 19, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,385
$7,615
2%
98%
$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: Bonham

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801 Wes Michael Rd | Property Details | No Agent List