$180,000

207 Masters Ave Wylie, TX 75098

Estimated payment $1,385/month

Total Views 1,371
3 Beds
2 Baths
1,359 Sq Ft
$132 Price per Sq Ft

Highlights

  • Very Popular Property
  • Traditional Architecture
  • 1-Story Property
  • R F Hartman Elementary School Rated A+
  • Eat-In Kitchen
  • 3-minute walk to Olde City Park

About This Home

Heads-up, investors! Priced well below tax value! This one has all sorts of potential, as it is zoned commercial or residential and visible from Highway 78 across from downtown Wylie. It also has a strong POSSIBILITY for a special use permit to build a duplex since road access is through a neighborhood and there are a number of duplexes on the street. THIS WOULD HAVE TO GO BEFORE THE CITY. Gorgeous backyard, original nail-down hardwoods in several rooms. Currently it has a house tax-dated at 1961, but likely built in the late 30's. It has significant wood rot, foundation problems, and the likliehood of wood-destroying insects, but is habitable, just selling AS-IS. Third bedroom and bath is in converted one-car garage. Will need cash or investor loan. It was rented recently, but would not return well in its present condition. Business next door in Victorian house includes counseling and holistic practices.

Listing Agent

Betsy Cowan

Team 1 Dfw Properties Brokerage Phone: 972-979-3580 License #0483464 Listed on: 08/05/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,784

Year Built

  • Built in 1961

Lot Details

  • 7,492 Sq Ft Lot
  • Wood Fence
  • Back Yard

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,359 Sq Ft Home
  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Birmingham Elementary School
  • Wylie East High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Railroad Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 20
  • Assessor Parcel Number R116902000501

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,784

Year Built

Built in 1961

Lot Details

0

Listing Details

  • OWNERNAME: Lisa Evans
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional, Detached
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 972-979-3580
  • Co List Office Mls Id: TEAMW01
  • Structure Type: House
  • Special Features: VirtualTour
  • Year Built: 1961

Interior Features

  • Square Footage: 1359.0
  • Interior Amenities: Eat-in Kitchen, High Speed Internet, Cable TV
  • Appliances: Dishwasher, Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Block
  • Fencing: Back Yard, Wood
  • Roof: Composition
  • Construction Materials: Frame
  • Pool Features: None
  • Waterfront: No
  • RoadFrontageType: All Weather Road
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Concrete, Gravel
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Birmingham
  • High School: Wylie East
  • Junior High Dist: Wylie ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Back Yard, Lawn
  • Lot Size Units: Acres
  • Lot Size Area: 0.172
  • Parcel Number: R116902000501
  • Lot Size Acres: 0.172
  • Lot Size Sq Ft: 7492.32

Building Info

  • Year Built: 1961

Tax Info

  • TaxBlock: 20
  • Tax Lot: 5
  • Tax Annual Amount: 4784.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $4,784 $242,228 $84,000 $158,228
2023 $4,784 $246,593 $73,500 $173,093
2022 $5,242 $238,915 $63,000 $175,915
2021 $3,811 $161,959 $57,750 $104,209
2020 $3,196 $128,707 $42,000 $86,707
2019 $3,578 $136,148 $42,000 $94,148
2018 $4,036 $149,866 $42,000 $107,866
2017 $3,284 $121,943 $31,500 $90,443
2016 $2,563 $92,249 $14,700 $77,549
2015 $2,190 $88,497 $14,700 $73,797
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $180,000 -- $132 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Lawyers Title
Vendors Lien -- Commonwealth Title
Vendors Lien -- Commonwealth Land Title Co
Warranty Deed -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,500 Future Advance Clause Open End Mortgage
Previous Owner $59,500 Purchase Money Mortgage
Previous Owner $55,100 No Value Available
Previous Owner $26,700 Seller Take Back
Source: Public Records

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21023488

North Texas Real Estate Information Systems (NTREIS)

APN: R-1169-020-0050-1