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$34,900

$25,000

814 & 816 Martin Luther King Boulevard, Corsicana, TX, 75110

On MarketInfo
Price DropInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size3,267 sqft

Land Information

APN27616
Lot NumberS
SubdivisionCorsicana
Land UseResidential
Legal DescriptionC0000 CORSICANA BLK 123 LOT S PT 7 .075 ACRES (50 X 65) (50 X 65)
Census Tract970200
Assessed Land Value$13,460
Assessment Year2025

About this property

Rare two-lot opportunity in the heart of Corsicana, combined over 11,000 sf (0.265 acres). The property can be developed into (2) single-family residential units without a replat. They can be separated via survey and deed. They are (3) parcels by the appraisal district but are two lots per the city. Verify all potential uses with the city. The corner property was previously improved as a service station. As a result, the city water and sewer taps are believed to remain (buyer to verify with the City of Corsicana). Walking distance to downtown Corsicana. Three parcels sold together as one combined offering.

Investor Tools

$0Estimated Mortgage Balance
$165,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

Interested in this property?

Megan Johnson

Modernest Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$87/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$214
$13,460
2025
$13,460
N/A
$13,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$214
$13,460

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$165,000
100%
0%
$0/mo

City: Corsicana

814 & 816 Martin Luther King Boulevard | Property Details | No Agent List