$145,000
$10K PRICE INCREASE

402 E Locust St Whitewright, TX 75491

Estimated payment $883/month

Total Views 895
4 Beds
2 Baths
1,927 Sq Ft
$75 Price per Sq Ft

Highlights

  • Open Floorplan
  • Direct Access Garage
  • 1-Story Property
  • Whitewright Middle School Rated A

About This Home

Investor Special – Prime Redevelopment Opportunity on Double Lot
Attention investors, builders, and visionaries! This property presents a rare opportunity for a full renovation or complete redevelopment. Situated on are two spacious lots, totaling .33 acre. The potential here is unmatched—restore the existing structure or tear down and build two new homes.
The current home is in need of extensive repairs and heavy rehab, making it ideal for experienced investors looking for their next project. With ample land and flexible possibilities, this property is perfect for maximizing value in a growing area.
Whether you're looking to renovate and resell, create rental income, or develop new construction, this property offers endless upside. Sold as-is. No repairs will be made. Bring your plans and your vision! Listing agent is the owner of the property

Listing Agent

Paul Tharman

Norvell & Co LLC License #0669009 Listed on: 04/16/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Parking

  • Direct Access Garage

Interior Spaces

  • 1,927 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Whitewright Elementary And Middle School
  • Whitewright High School

Community Details

  • Whitewright Sears H C Subdivision

Listing and Financial Details

  • Assessor Parcel Number 170943

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0 Sq Ft Lot

Listing Details

  • OWNERNAME: Gerasian Investments
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached
  • Unit Levels: One
  • Co List Office Mls Id: NHWC01
  • Structure Type: House
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48181:170943
  • Special Features: VirtualTour

Interior Features

  • Square Footage: 1927.0
  • Interior Amenities: Open Floorplan
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Direct Access
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Available, Water Available

Schools

  • Elementary School: Whitewright
  • High School: Whitewright
  • Junior High Dist: Whitewright ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Square Feet
  • Lot Size Area: 0.33
  • Lot Size: 14201
  • Parcel Number: 170943
  • Lot Size Sq Ft: 0.33

Building Info

  • Year Built: 1900

MLS Schools

  • MiddleOrJuniorSchool: Whitewright

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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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

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 $1,431 $77,818 $63,900 $13,918
2024 $1,418 $74,812 $59,072 $15,740
2023 $1,639 $86,134 $44,304 $41,830
2022 $1,407 $65,967 $28,542 $37,425
2021 $1,204 $51,783 $17,750 $34,033
2020 $863 $34,741 $10,224 $24,517
2019 $843 $32,665 $7,952 $24,713
2018 $766 $28,858 $7,810 $21,048
2017 $675 $27,496 $8,236 $19,260
2016 $599 $24,395 $7,578 $16,817
2015 $0 $37,146 $7,284 $29,862
2014 -- $32,925 $7,284 $25,641
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 For Sale $135,000 -- $70 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $140,000 Construction
Closed $140,000 Construction
Previous Owner $142,500 Commercial
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21241587

North Texas Real Estate Information Systems (NTREIS)

APN: 170943

Texas Grayson County Whitewright 75491

402 E Locust St, Whitewright, TX

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.

North Texas Real Estate Information Systems (NTREIS) 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 2026. All rights reserved

Nearby Homes
Listing Agent
Paul Tharman
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Norvell & Co LLC
(430) 234-0599
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