307 W Spruce Street,Whitewright, TX 75491
Whitewright, TX 75491
Description
ATTENTION INVESTORS, FLIPPERS, AND BUILDERS: This is the math-making project you have been waiting for in Whitewright. Priced aggressively at $94,900, this package includes a 1,233-square-foot historic 1910 cottage PLUS an adjacent 0.163-acre buildable lot with its own parcel ID (0.326 acres total). This property is being sold strictly AS-IS and is a prime candidate for a full cosmetic and systems overhaul. Whether you are looking for your next fix-and-flip, a long-term rental hold, or a multi-phase development project, the margins and exit strategies here are undeniable. The existing home features classic Texas cottage bones with a covered front porch, an attached carport, and a spacious layout that includes a converted great room with an original fireplace mantle. The interior currently features vintage wood paneling, a large eat-in kitchen footprint, and a combined utility and bathroom space that is ripe for reconfiguration. The property requires significant TLC, including roof evaluation, ceiling repairs, kitchen and bath gutting, and flooring, making it ideal for a seasoned contractor or cash buyer ready to get their hands dirty. The true X-factor is the extra lot. You have the flexibility to renovate the existing structure and sell the package, hold the home as a rental while building new construction next door, or split the parcels to maximize your return on investment. The property is connected to city water and sewer. Located just blocks from downtown Whitewright and local schools, the location offers strong resale or rental demand once completed. Do the math - With recent renovated sales in Whitewright pushing well past $150 per sq ft, the ARV potential on the existing home alone leaves plenty of meat on the bone, let alone the value of the vacant lot. Cash or conventional financing only. No blind offers. Bring your contractor, run your numbers, and submit your highest and best. This investor special will not last long at this price point.
Details
| MLS # | 21245175 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 163 |
| Listing Provided By | Russell Realty | Dana Worth |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,233 |
| Car Port | Yes |
| Story(s) | 1 |
| Acreage | 0.16 |
Interior
| Room Count | 4 |
|---|---|
| Cooling | Window Unit(s) |
| Heating | Fireplace(s), Natural Gas |
| Interior Features | Paneling |
| Appliances | Electric Range |
| Fireplace Features | Decorative |
Exterior
| Exterior Features | Storage |
|---|---|
| Roof | Composition |
| Foundation Details | Pillar/Post/Pier |
| Lot Features | Few Trees, Interior Lot, Level, Lrg. Backyard Grass |
Parking
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Carport |
Utilities
| Utilities | Asphalt, City Sewer, City Water, Electricity Connected |
|---|
Taxes
| Unexempt Taxes | 1221 |
|---|---|
| Tax Lot | 5 |
| Tax Block | 38 |
| Tax Legal Description | OTP WHITEWRIGHT, BLOCK 38, LOT 5, ACRES .163 |
Area Information
| State | TX |
|---|---|
| County | Grayson |
| City | Whitewright |
| Zip Code | 75491 |
| Area | Grayson |
| Community Name | Otp Whitewright |
| School District | Whitewright ISD |
| Elementary School | Whitewright |
| High School | Whitewright |
| Listing VS Median (in Otp Whitewright) | |
Price: $87,000 low | high Med: $241,250 sqft: 1,233 low | high Med: 1,430 $ / sqft: $71 low | high Med: $177 On site: 163 low | high Med: 22.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Grayson |
| City | Whitewright |
| Zip Code | 75491 |
| Area | Grayson |
| Community Name | Otp Whitewright |
| School District | Whitewright ISD |
| Elementary School | Whitewright |
| High School | Whitewright |
| Listing VS Median (in Otp Whitewright) | |
Price: $87,000 low | high Med: $241,250 sqft: 1,233 low | high Med: 1,430 $ / sqft: $71 low | high Med: $177 On site: 163 low | high Med: 22.5 | |
