331 Magnolia St Sulphur Springs, TX 75482
Estimated payment $957/month
About This Home
2 homes on Oversized corner lot! Main home is a spacious 2 bed 1 bath & secondary home is very spacious 1 bed 1 bath home that is much larger than it appears. Walk to down town Celebration District! Live in one & rent out the other! Or rent both! Air BNB? Lots of Options here! Selling As Is. Cash or Conventional Only. Sq Ft is estimated total of both homes.
Listing Agent
Cobblestone Real Estate Brokerage Phone: 903-348-6060 License #0573252 Listed on: 08/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,965
Year Built
- Built in 1920
Parking
- Open Parking
Home Design
- Pillar, Post or Pier Foundation
- Frame Construction
- Metal Roof
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Sulphursp Elementary School
- Sulphurspr High School
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Gas
- Cable TV Available
Additional Features
- 1-Story Property
- 10,062 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 7A / 32
- Assessor Parcel Number R000002781
Community Details
Overview
- 2 Buildings
- 2 Units
- 1,848 Sq Ft Building
- Town Subdivision
Building Details
- Gross Income $20,400
- Net Operating Income $16,732
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,375 | $99,870 | $20,000 | $79,870 |
| 2023 | $1,375 | $65,420 | $10,000 | $55,420 |
| 2022 | $1,519 | $65,420 | $10,000 | $55,420 |
| 2021 | $889 | $34,650 | $4,000 | $30,650 |
| 2020 | $893 | $34,410 | $4,000 | $30,410 |
| 2019 | $917 | $34,410 | $4,000 | $30,410 |
| 2018 | $917 | $34,410 | $4,000 | $30,410 |
| 2017 | $918 | $34,410 | $4,000 | $30,410 |
| 2016 | $918 | $34,410 | $4,000 | $30,410 |
| 2015 | -- | $34,410 | $4,000 | $30,410 |
| 2014 | -- | $34,410 | $4,000 | $30,410 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $150,000 | -- | $81 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $30,849 | Unknown |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21046271
APN: R000002781
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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