NOT LISTED FOR SALE

1612 W Hwy 56 Bonham, TX 75418

Estimated Value: $31,000 - $135,000

0.24 Acre
$279,179 Price per Acre
10,454 Sq Ft Lot

Last Sold June 28, 2024

Current estimated payment $376/month

5 Days on Market

Highlights

  • Oak Trees
  • Level Lot
  • Large Grassy Backyard

About This Lot

As of June 2024

This country property is 0.24 acres and is located outside of the city limits on West Hwy 56. The value of the property is in the land. There is a home currently on the property, but it is unlivable. DO NOT ENTER THE HOME. There are No Restrictions on the property. All utilities have been turned off to the home. The water is from Southwest Fannin Water Supply and electricity is from Oncor. There is an old septic system on the property. There are old Rail Tracks located behind the property, but the Rail Line has been disconnected. There are several large established trees on the property making it peaceful and welcoming. The property is being sold As-Is with no repairs being offered.

Last Agent to Sell the Property

DeAnn Jones

FanninLand Realty Brokerage Phone: 903-583-8538 License #0679190 Listed on: 05/22/2024

Last Buyer's Agent

Karen Marsh

Glass Land and Home LLC License #0541391

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $277

Lot Details

  • 10,454 Sq Ft Lot
  • Property fronts a highway
  • Level Lot
  • Oak Trees
  • Cedar Trees
  • Few Trees
  • Large Grassy Backyard
  • Zoning described as Outside of City Limits. No Known Restrictions.

Schools

  • Evans Elementary School
  • Rather Middle School
  • Bonham High School

Community Details

  • A0176 J Clark, Acres .24 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 72312

Property Details

Property Type

Land

Est. Annual Taxes

$277

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Improved Land
  • Restrictions: No Known Restriction(s)
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Attribution Contact: 903-583-8538
  • Special Features: None

Exterior Features

  • Easements: Utilities
  • RoadFrontageType: Highway, State Road
  • RoadSurfaceType: Concrete

Utilities

  • Utilities: Electricity Available, Individual Water Meter

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Utilities Installed

Schools

  • School District: Bonham ISD
  • Elementary School: Evans
  • Junior High School: Rather

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Level, Lrg. Backyard Grass, Cedar, Oak
  • Lot Size Units: Acres
  • Lot Size Area: 0.2400
  • Parcel Number: 72312
  • Lot Size Acres: 0.2400
  • Lot Size Sq Ft: 10454.4000
  • Zoning Description: Outside of City Limits. No Known Restrictions.
  • Possible Use: Investment, Manufactured Home, Mobile Home, Residential, Single Family
  • Present Use: Residential, Single Family

MLS Schools

  • Elementary School Name: Evans
  • High School Name: Bonham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 28, 2024
Sold by
Miller Carla D and Lively David Wayne
Bought by
Raines John Sheldon and Raines Caylie Annette
Seller's Agent
DeAnn Jones
FanninLand Realty
Buyer's Agent
Karen Marsh
Glass Land and Home LLC
List Price
$40,000
Views
8
Current Estimated Value
$67,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.55%

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 24, 2024
Sold by
Lively David Wayne and Lively Jason S
Bought by
Miller Carla D
Seller's Agent
DeAnn Jones
FanninLand Realty
Buyer's Agent
Karen Marsh
Glass Land and Home LLC
List Price
$40,000
Views
8
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Raines John Sheldon -- Cole Title
Miller Carla D -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold -- -- --
05/28/2024 05/28/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $40,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $277 $31,720 $27,980 $3,740
2024 $277 $19,950 $16,210 $3,740
2023 $250 $17,680 $13,940 $3,740
2022 $252 $15,460 $11,720 $3,740
2021 $165 $8,830 $5,620 $3,210
2020 $144 $7,570 $4,360 $3,210
2019 $120 $6,100 $2,790 $3,310
2018 $267 $13,570 $2,790 $10,780
2017 $243 $12,860 $2,390 $10,470
2016 $232 $12,310 $2,280 $10,030
2015 -- $17,090 $2,370 $14,720
2014 -- $16,920 $2,100 $14,820
Source: Public Records

Agents Affiliated with this Home

  • DeAnn Jones

    Seller's Agent in 2024

    DeAnn Jones

    FanninLand Realty

    (903) 227-7826

    66 Total Sales

    DeAnn Jones
    Section Image
  • Karen Marsh

    Buyer's Agent in 2024

    Karen Marsh

    Glass Land and Home LLC

    (903) 517-9383

    368 Total Sales

    Karen Marsh
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20624838

North Texas Real Estate Information Systems (NTREIS)

APN: 72312

Texas Fannin County Bonham 75418

1612 W Hwy 56, Bonham, TX

Not Listed for Sale

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