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Property Details:

County or Parish
Grayson
Lot Size
Less Than .5 Acre (not Zero)
Lot Size (Acres)
0.1630
Lot Size Area
0.1630
Lot Size (Square Feet)
7100.2800
Association Type
None

School Information:

School District
Whitewright ISD
Elementary School
Whitewright
Middle School
Whitewright
High School
Whitewright

Interior Information:

Appliances
Electric Range
Heating
Fireplace(s),Natural Gas
Cooling
Window Unit(s)
Fireplaces Total
1
Fireplace Features
Decorative
Flooring
Linoleum,Wood
Interior Features
Paneling

Exterior Information:

Architectural Style
Craftsman
Lot Features
Few Trees,Interior Lot,Level,Lrg. Backyard Grass
Lot Size
Less Than .5 Acre (not Zero)
Acres
0.1630
Pool
No
Waterfront
No
Exterior Features
Storage

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21407200

307 W Spruce Street

Whitewright, Texas
$87,000
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Type: Residential
Beds: 2 Baths: 1.00 Living: 0 Dining: 1
Gar: 0 SqFt: 1,233 Year Built: 1910
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.
Active
Listed by: Dana Worth
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Tony C Hager

Tony C Hager

Broker

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