703 N Parmele Street Leonard, TX 75452

$190,000 5 Beds 2 Baths 2,814 Sq Ft

About this home

Property Overview

Historic Charm. Instant Equity. Endless Potential!

Now offered at just $190,000!

Here’s your opportunity to own a piece of Leonard history while creating substantial equity from day one. With an estimated After Repair Value of approximately $395,000+, this spacious 5-bedroom, 2-bath home offers an incredible value for buyers ready to make it their own.

Qualified buyers may be eligible for an FHA 203(k) Renovation Loan, allowing you to purchase the home and finance eligible renovations into one convenient mortgage. Instead of paying top dollar for someone else’s updates, create the home you’ve always wanted while building equity along the way.

The seller is also open to discussing a unique financing opportunity with approximately 20-25% down, allowing a buyer to assume or take over the existing loan balance (subject to seller approval and lender requirements). Ask for details.

Built in 1945, this character-filled home features 3 fireplaces, sits on a .33-acre corner lot, and includes a small barn, storm shelter, and mature trees. Many improvements have already been started, giving you a head start on completing the renovation.

Sold AS-IS, with the AC working well, water available for inspections, and the refrigerator, washer, and dryer conveying.

Opportunities like this are becoming harder to find. If you’ve been looking for a home where your investment can pay you back in equity instead of paying retail for someone else’s remodel, this is one you’ll want to see. Schedule your showing today!

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Year Built

1945

School District

Leonard Isd

HOA

No HOA

Lot Size

0.34 acres

Taxes

$5,013/yr

Parking

1-car garage, 1 covered

Architecture

EarlyAmerican,Detached

Fireplace

3 Fireplaces

Neighborhood

Wilson Pendergrass Add

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703 N Parmele Street Leonard, TX 75452

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