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$166,000

823 S Park St, Terrell, TX, 75160

Off MarketInfo
Baths1 Bath
Baths1,040 Sq Ft
price_per_sqft$159.62 / sqft
Year BuiltBuilt in 1910

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Heating GasHeating Gas

Exterior

Lot Size7,488 sqft

Building Information

Year Built1910
Stories1
Roof Type105

Land Information

APN00.2940.0002.0001.00.06.06
Lot Number1,2
SubdivisionPhagan
Land UseResidential
Legal DescriptionPHAGAN BLOCK 2 LOT 1, 2 & 3B
Census Tract050500
Assessed Land Value$47,786
Assessed Improvement Value$80,238
Assessment Year2025

About this property

Seize the chance to build your dream home on this spacious 7,000 sq. ft. lot in Terrell, TX. The property currently features a tear-down structure, making it the perfect blank canvas for a brand-new build that reflects today’s modern residential standards. The lot is mostly cleared, offering a wide open building area, while mature trees frame the perimeter for added privacy and charm. The home next door showcases exactly what’s possible with this strategy, providing inspiration for a high-value, contemporary new construction. Whether you’re a builder, investor, or future homeowner, this property offers size, location, and potential—all in one. Don’t miss the opportunity to bring your vision to life in this growing community.

Investor Tools

Property Icon
$166,000
Estimated Property Value
$0Estimated Mortgage Balance
$166,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,271
$128,024
2025
$47,786
$80,238
$128,024
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,271
$128,024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$166,000
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: Terrell

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823 S Park St | Property Details | No Agent List