3 months on rocket

1505 N Bus-287, Decatur, TX, 76234

$400,000

Home List Price

$4,750*

Closing Credit

4 Bedrooms
2 Full Baths
Multi
Schools Nearby

Location

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1505 N Bus-287, Decatur$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Oversized
Year Built2008
HeatingCentral
CoolingCentral Air
MLS #20513400
Lot Size0.37 Acres
StatusActive

About 1505 N Bus-287

Seller will carry 1st, for qualified buyers. 100% Leased, income producing full duplex in the flourishing town of Decatur. Located 35 min north of Ft. Worth & 30 min west of Denton, Decatur is known for its small-town charm & city conveniences. Duplex built in 2008, well insulated & well maintained. Each unit is 2 bed, 1 bath spacious layout of 908sf, covered porches & expansive (unfenced) yards. Duplex sits side-by-side with a similar duplex that is also for sale. MLS#20513584. Large concrete driveway, with generous parking area services both duplex buildings. 1505 on left. 1509 on right. Seller would prefer to sell both duplex buildings to same buyer. This listing is for 1 duplex building, with 2 units. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. This investment property has a very bright income-producing future! Seller will replace roof prior to closing.

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 1

Listing Office:

  • Office Name: AirSpace
  • Office Phone: (817) 394-3906
  • Listing Agent: Jeanie Cline

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal
  • Flooring Type: Carpet, Laminate
  • Interior: High Speed Internet, Cable TV

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Oversized

Virtual/3D Tour

  • Virtual Tour: 1505 N Bus-287

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Decatur High School, Public District Grades 9-12
  • McCarroll Middle School, Public District Grades 7-8
  • Rann Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From downtown Ft. Worth, Take US-287, N-US-81 N to Wichita St in Decatur, approximately 35 miles. Turn right onto Wichita St. Turn left onto Bus 287 BUS. Property is on left. Large open concrete driveway leads to two buildings. 1505 is on left. 1509 is on right, and is also for sale.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
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Housing Market Comparison

See how this home compares to others in Decatur, TX.

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Decatur, TX

City

Med. List Price

$499.6K

Med. Price/SqFt

$214

Avg. Days On Market

90

# of Sold Homes

21

1505 N Bus-287 vs Decatur

103 DAYS ON ROCKET

+13 Days

$400,000

-$99.6K Less

KEY TAKEAWAY

This property is $99.6K less than the Median List Price in Decatur, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20513400

Listing Office:

  • Office Name: AirSpace
  • Office Phone: (817) 394-3906
  • Listing Agent: Jeanie Cline

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 5/2/2024, 11:25:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$2,064

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4691648
4
/10

  • Rann Elementary School

  • 1300 Deer Park Rd

  • 1.40 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4691649
4
/10

  • McCarroll Middle School

  • 1201 W Thompson St

  • 1.72 miles

  • Public District Grades 7-8

High School

school-card-donut-4691650
6
/10

  • Decatur High School

  • 750 East Eagle Summit Dr

  • 2.48 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,500. Most Decatur, TX residents have annual incomes less than $35k. Most families are married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Wise County›Decatur›76234›1505 N Bus-287

This home is located at 1505 N Bus-287 in Decatur, TX and zip code 76234. This home, which was built in 2008, sits on a 0.37 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 20, 2024 and is currently priced at $400,000.

The inventory of homes for sale in Decatur, TX between March 2024 and April 2024 increased by 19%. While the average time on the market in April 2024 was 90 days, the median list price was $499,633.

From Rocket Homes Real Estate and based on county public records data.

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