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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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315 Martin Luther King Jr St , Mineral Wells, TX 76067
$185,000
Est. Payment: $1,039.10/mo
2 Bed
1 Bath
1942 Sqft
0.17 Acres
Status: active | Days on site: 13
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House Description

2 Properties with Incredible Potential! Located in Mineral Wells, these properties are positioned in a community experiencing renewed interest and investment, highlighted by the ongoing renovation and restoration of the historic Baker Hotel. The revitalization of Downtown and the Baker Hotel is bringing new attention and activity to downtown Mineral Wells, adding to the town's appeal for residents, visitors, and investors. This property offers a great opportunity for investors, renovators, or buyers looking for a project with character and room to add value. The home features real hardwood flooring in most rooms, two huge living areas, a spacious dining room and kitchen, and a cozy wood-burning fireplace. One of the oversized living areas could potentially be enclosed to create a large primary bedroom or additional private living space, giving the next owner flexibility to rework the floor plan. The property does need significant work, including foundation repairs, roof replacement, and interior updating, and is being sold AS IS. Adding even more value is a newly built oversized detached one-car garage with plenty of room for a vehicle, workshop, or additional storage. The property also includes a large 13' x 35' detached shed building with porch and an additional lot located behind the main house. With the appropriate improvements, connection to city utilities, the detached building may offer potential for additional living space, a separate tiny-home-style dwelling, rental use, storage, or other future possibilities. It could also be removed to create additional yard space. With a spacious layout, original hardwood floors, fireplace, oversized garage, additional building, and extra lot, this property offers multiple possibilities for someone willing to put in the work. Buyer to verify all information, zoning, building requirements, utility availability, and potential uses with the appropriate city and county authorities. Property is being sold AS IS.

Highlights

Listed by Rick Lamoureux , Skylite Realty LLC , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.17

Year Built

1960

County

Palo Pinto

Neighborhood

French

School District

Mineral Wells ISD

Listing ID

21397591

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Electric Range
Air Cond:Ceiling Fan(s),Window Unit(s)
Fireplaces:Brick,Wood Burning
Floor:Carpet,Linoleum,Wood
Other:
  • ▪ Additional:Chandelier, Decorative Lighting, High Speed Internet Available, Master on Main

Exterior Features

Lot:Cleared,Corner Lot,Landscaped,Lrg. Backyard Grass,Less Than .5 Acre (not Zero)
Lot Dimensions:75x100x75x100
Roof:Composition
Others:
  • ▪ Additional:Storage, Preowned
Parking Features:Driveway,Garage Faces Front,Off Street,On Street
Principal Interest
$1,039
Taxes
$238

Home Price

$185,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$37,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,039.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,039.10 $237.58 $0.00 $1,276.68
Yearly $12,469.17 $2,851.00 $0.00 $15,320.17
Total $374,075.00 $85,530.00 $0.00 $459,605.00

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Mineral Wells, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T06:04:59.563Z

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