$99,500
3 bd · 1 ba · 1,264 sqft · 1.46 acre lot
1927 E FM 1550, Bonham, TX 75418
Single family · Built 1937 · $79/sqft ·
$600/mo est. payment
- Stories
- 1
About this home
INVESTOR SPECIAL! 1.5 ACRES UNDER $100K! Bank evaluated property for $245k in 2025! Incredible opportunity to own a 3-bedroom home situated on approximately 1.5 acres on a spacious corner lot in Bonham! Offering plenty of room between neighboring properties, this property provides a peaceful country setting with endless possibilities. The home is ready for cosmetic updates but features a NEW ROOF installed in 2023 and newer exterior siding, providing a great starting point for your next project. Multiple outbuildings offer additional space for storage, hobbies, or workshop possibilities. Conveniently located near Bonham State Park, enjoy the charm of North Texas country living while remaining close to shopping, dining, and local amenities. Whether you're an investor searching for your next renovation project or a buyer looking to create your own country retreat, this property offers exceptional potential. Propane tank is leased from McCraw Propane.
Facts and features
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 1' x 1'
- Bedroom 1 Dimensions: 1' x 1'
- Bedroom 2 Dimensions: 1' x 1'
- Primary Bedroom Level: First
- Bedroom 1 Level: First
- Bedroom 2 Level: First
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Built in features
- Cable tv
- Flooring: Carpet, Tile, Wood
Appliances
- Disposal
- Laundry Features: Washer Hookup, Dryer Hookup
Heating and Cooling
- Cooling Features: Window Units, Wall Window Units
- Heating Features: Central, Electric, Propane
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 1' x 1'
- Dining Room Level: First
- Kitchen Dimensions: 1' x 1'
- Kitchen Level: First
Other Rooms
- Living Room Dimensions: 1' x 1'
- Living Room Level: First
Exterior and Lot Features
- Patio And Porch Features: Covered, Deck
- Deck: Yes
Schools
- 5
Rather L High School
middle · 7-8 · 7.2 mi
- 5
Evans Elementary School
elementary · 4-6 · 7.2 mi
- 3
Bonham High School
high · 9-12 · 8.0 mi
- 3
Finley-Oates Elementary School
elementary · K-3 · 8.0 mi
Price history
- Oct 30, 2026 · Listed$99,500
Tax history
- 2026$1,127 tax · $82,984 assessed
- 2025$1,048 tax · $75,440 assessed
- 2023$880 tax · $62,347 assessed
- 2022$924 tax · $56,679 assessed
- 2021$870 tax · $49,808 assessed
- 2020$847 tax · $45,280 assessed
- 2019$791 tax · $41,646 assessed
- 2018$746 tax · $37,860 assessed
Home value
$147,300
- Cotality$147,300
- Quantarium$100,157
Where it is
Listed by Brittany Stewart · Exp Realty · NTREIS