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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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307 W Spruce St , Whitewright, TX 75491
$87,000
Est. Payment: $447.91/mo
2 Bed
1 Bath
1233 Sqft
Status: active | Days on site: 126
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

ATTENTION INVESTORS, FLIPPERS, AND BUILDERS: This is the math-making project you have been waiting for in Whitewright. Priced aggressively at $94,900, this package includes a 1,233-square-foot historic 1910 cottage PLUS an adjacent 0.163-acre buildable lot with its own parcel ID (0.326 acres total). This property is being sold strictly AS-IS and is a prime candidate for a full cosmetic and systems overhaul. Whether you are looking for your next fix-and-flip, a long-term rental hold, or a multi-phase development project, the margins and exit strategies here are undeniable. The existing home features classic Texas cottage bones with a covered front porch, an attached carport, and a spacious layout that includes a converted great room with an original fireplace mantle. The interior currently features vintage wood paneling, a large eat-in kitchen footprint, and a combined utility and bathroom space that is ripe for reconfiguration. The property requires significant TLC, including roof evaluation, ceiling repairs, kitchen and bath gutting, and flooring, making it ideal for a seasoned contractor or cash buyer ready to get their hands dirty. The true X-factor is the extra lot. You have the flexibility to renovate the existing structure and sell the package, hold the home as a rental while building new construction next door, or split the parcels to maximize your return on investment. The property is connected to city water and sewer. Located just blocks from downtown Whitewright and local schools, the location offers strong resale or rental demand once completed. Do the math - With recent renovated sales in Whitewright pushing well past $150 per sq ft, the ARV potential on the existing home alone leaves plenty of meat on the bone, let alone the value of the vacant lot. Cash or conventional financing only. No blind offers. Bring your contractor, run your numbers, and submit your highest and best. This investor special will not last long at this price point.

Highlights

Listed by Dana Worth , Russell Realty , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.16

Year Built

1910

County

Grayson

Neighborhood

Otp Whitewright

School District

Whitewright ISD

Listing ID

21245175

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Electric Range
Air Cond:Window Unit(s)
Fireplaces:Decorative
Floor:Linoleum,Wood
Other:
  • Additional:Paneling, Master on Main

Exterior Features

Lot:Few Trees,Interior Lot,Level,Lrg. Backyard Grass,Less Than .5 Acre (not Zero)
Lot Dimensions:.326
Roof:Composition
Others:
  • Additional:Storage
Parking Features:Carport
Principal Interest
$448
Taxes
$102

Home Price

$87,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$17,400
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:
$447.91

Principal

Taxes

Principal Taxes HOA Total
Monthly $447.91 $101.75 $0.00 $549.66
Yearly $5,374.97 $1,221.00 $0.00 $6,595.97
Total $161,248.96 $36,630.00 $0.00 $197,878.96

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Whitewright, 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: 2026-08-24T21:21:41.390Z

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